Dye & Durham (TSE:DND) Price Target Cut to C$27.50 by Analysts at Canaccord Genuity Group

Dye & Durham (TSE:DND) had its target price dropped by equities researchers at Canaccord Genuity Group from C$30.00 to C$27.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 42.19% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. BMO Capital Markets raised their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Finally, CIBC boosted their price objective on shares of Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham presently has a consensus rating of “Buy” and an average price target of C$24.71.

Dye & Durham Stock Down 2.9 %

Shares of DND stock traded down C$0.57 during trading hours on Wednesday, reaching C$19.34. 100,986 shares of the company’s stock were exchanged, compared to its average volume of 153,040. The stock’s fifty day moving average price is C$18.54 and its two-hundred day moving average price is C$15.13. The stock has a market cap of C$1.29 billion, a PE ratio of -6.60 and a beta of 2.09. Dye & Durham has a 1 year low of C$10.92 and a 1 year high of C$22.59. 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 (TSE:DND) last announced its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The business had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Research analysts predict that Dye & Durham will post 0.1121051 EPS for the current 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.