Canaccord Genuity Group Increases Dye & Durham (TSE:DND) Price Target to C$30.00

Dye & Durham (TSE:DND) had its price objective hoisted by equities research analysts at Canaccord Genuity Group from C$27.00 to C$30.00 in a report released on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 46.63% from the stock’s current price.

A number of other research analysts have also recently issued reports on DND. BMO Capital Markets lifted their target price on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. CIBC upped their price objective on shares of Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham has an average rating of “Buy” and an average target price of C$22.92.

Dye & Durham Price Performance

Dye & Durham stock traded down C$0.01 during trading hours on Friday, reaching C$20.46. 87,206 shares of the stock were exchanged, compared to its average volume of 153,878. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. Dye & Durham has a twelve month low of C$10.92 and a twelve month high of C$21.00. The company has a market cap of C$1.37 billion, a P/E ratio of -6.95 and a beta of 2.09. The stock has a 50 day moving average of C$17.37 and a two-hundred day moving average of C$14.56.

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

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.