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

Dye & Durham (TSE:DND) had its target price increased by stock analysts at CIBC from C$22.00 to C$30.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 65.29% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group lowered their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday. 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 note on Wednesday, October 23rd. Finally, Canaccord Genuity Group boosted their target price on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$24.71.

Dye & Durham Price Performance

DND stock opened at C$18.15 on Wednesday. The business has a 50 day simple moving average of C$18.66 and a 200-day simple moving average of C$15.19. The company has a market capitalization of C$1.21 billion, a P/E ratio of -6.19 and a beta of 2.09. Dye & Durham has a twelve month low of C$10.92 and a twelve 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.

Dye & Durham (TSE:DND) last issued its quarterly 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%. As a group, equities analysts anticipate 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.