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

Dye & Durham (TSE:DND) had its price objective upped by CIBC from C$22.00 to C$30.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on DND. BMO Capital Markets boosted 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. Canaccord Genuity Group decreased their price objective on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group upped their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dye & Durham currently has a consensus rating of “Buy” and a consensus target price of C$24.71.

Dye & Durham Trading Down 3.8 %

Shares of DND stock opened at C$19.15 on Wednesday. The stock has a market capitalization of C$1.28 billion, a P/E ratio of -6.54 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. 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 firm’s 50 day moving average is C$18.61 and its 200 day moving average is C$15.15.

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

Dye & Durham Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.019 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.40%. Dye & Durham’s dividend payout ratio (DPR) is -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.