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

Shares of Dye & Durham Limited (TSE:DND) have been given a consensus rating of “Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$24.71.

Several research firms have recently weighed in on DND. Canaccord Genuity Group raised their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. BMO Capital Markets raised 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. CIBC upped their price target on Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group reduced their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research report on Wednesday, December 18th.

Dye & Durham Stock Performance

TSE:DND opened at C$18.17 on Wednesday. The company has a fifty day moving average of C$18.71 and a two-hundred day moving average of C$15.25. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The stock has a market capitalization of C$1.22 billion, a PE ratio of -6.20 and a beta of 2.09. 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 posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of C$120.30 million. As a group, research analysts forecast that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The firm also recently disclosed 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 of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.42%. Dye & Durham’s payout ratio 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.