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

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

Other equities analysts have also issued reports about the company. CIBC boosted their price target on Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. BMO Capital Markets boosted 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 report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham currently has a consensus rating of “Buy” and a consensus target price of C$22.92.

Dye & Durham Trading Down 0.0 %

Dye & Durham stock traded down C$0.01 during mid-day trading on Friday, hitting C$20.46. 87,206 shares of the stock were exchanged, compared to its average volume of 153,878. The firm’s fifty day simple moving average is C$17.37 and its two-hundred day simple moving average is C$14.56. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. Dye & Durham has a 12 month low of C$10.92 and a 12 month high of C$21.00. The stock has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -6.95 and a beta of 2.09.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The firm had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Analysts forecast 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.