Brokerages Set Dye & Durham Limited (TSE:DND) Price Target at C$24.71

Dye & Durham Limited (TSE:DND) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$24.71.

A number of research analysts have weighed in on the stock. Canaccord Genuity Group cut their price target on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Canaccord Genuity Group raised their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. BMO Capital Markets upped their target price on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, CIBC increased their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th.

Insiders Place Their Bets

In related news, insider Plantro Ltd. sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00. Also, Director Eric Shahinian bought 12,300 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average price of C$17.35 per share, for a total transaction of C$213,433.29. Insiders own 25.60% of the company’s stock.

Dye & Durham Stock Performance

Shares of Dye & Durham stock opened at C$16.28 on Friday. The stock’s fifty day simple moving average is C$18.61 and its 200 day simple moving average is C$15.84. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. The company has a market capitalization of C$1.09 billion, a PE ratio of -5.56 and a beta of 2.09. Dye & Durham has a 12 month low of C$10.92 and a 12 month high of C$22.59.

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

Dye & Durham Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s dividend payout ratio (DPR) is currently -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.