Raymond James Raises Dirtt Environmental Solutions (DRT) Price Target to C$8.75

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Dirtt Environmental Solutions (TSE:DRT) had its target price upped by analysts at Raymond James from C$8.00 to C$8.75 in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 31.18% from the stock’s current price.

Separately, Industrial Alliance Securities boosted their price target on shares of Dirtt Environmental Solutions from C$7.50 to C$8.00 in a research report on Thursday, August 9th.

Dirtt Environmental Solutions stock traded up C$0.76 during mid-day trading on Wednesday, reaching C$6.67. The company’s stock had a trading volume of 913,623 shares, compared to its average volume of 243,157. Dirtt Environmental Solutions has a twelve month low of C$4.39 and a twelve month high of C$7.10.

Dirtt Environmental Solutions (TSE:DRT) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.03). Dirtt Environmental Solutions had a net margin of 4.97% and a return on equity of 9.60%. The firm had revenue of C$80.67 million for the quarter, compared to analyst estimates of C$82.29 million.

In related news, insider Geoffrey Dean Krause purchased 9,200 shares of the stock in a transaction on Tuesday, September 11th. The shares were purchased at an average cost of C$6.35 per share, for a total transaction of C$58,420.00. Also, insider Geoffrey William Gosling sold 79,500 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of C$6.53, for a total value of C$519,135.00. Over the last quarter, insiders have bought 25,300 shares of company stock valued at $151,751 and have sold 611,503 shares valued at $3,936,304.

About Dirtt Environmental Solutions

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.

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