Dye & Durham (TSE:DND) Price Target Raised to C$30.00

Dye & Durham (TSE:DND) had its price target increased by CIBC from C$22.00 to C$30.00 in a report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also commented on the stock. Canaccord Genuity Group reduced their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday. BMO Capital Markets lifted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group boosted their target price on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$24.71.

Dye & Durham Trading Up 0.1 %

Shares of DND stock opened at C$18.17 on Wednesday. The company has a market capitalization of C$1.22 billion, a PE ratio of -6.20 and a beta of 2.09. Dye & Durham has a 52-week low of C$10.92 and a 52-week high of C$22.59. The business’s fifty day moving average is C$18.66 and its 200 day moving average is C$15.19. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The business had revenue of C$119.93 million for the quarter, compared to analysts’ expectations of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. On average, equities research analysts anticipate that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s dividend payout ratio (DPR) is presently -2.73%.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.