Canaccord Genuity Cuts Distinct Infrastructure Group (DUG) Price Target to C$0.20

Distinct Infrastructure Group (CVE:DUG) had its price objective cut by Canaccord Genuity from C$0.60 to C$0.20 in a research note issued to investors on Monday morning.

A number of other brokerages have also weighed in on DUG. Raymond James decreased their target price on shares of Distinct Infrastructure Group from C$1.60 to C$1.20 and set an outperform rating for the company in a research note on Wednesday, August 29th. Industrial Alliance Securities cut their price objective on shares of Distinct Infrastructure Group from C$1.75 to C$1.25 in a research report on Thursday, September 13th.

Shares of DUG opened at C$0.34 on Monday. The company has a debt-to-equity ratio of 267.39, a current ratio of 4.21 and a quick ratio of 3.91. Distinct Infrastructure Group has a 1-year low of C$0.27 and a 1-year high of C$1.60.

About Distinct Infrastructure Group

Distinct Infrastructure Group Inc, through its subsidiaries, operates as a design, engineering, construction, services, and maintenance company in Canada. The company offers technical services and maintenance, underground and aerial civil construction, third party material management, and hydro-excavation services to the utilities and telecommunications sectors, as well as to governments.

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