Dye & Durham (TSE:DND) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dye & Durham (TSE:DND) had its price target raised by investment analysts at Canaccord Genuity Group from C$27.00 to C$30.00 in a report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 43.88% from the stock’s previous close.

Several other equities analysts also recently weighed in on DND. BMO Capital Markets raised 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. CIBC raised their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$22.92.

Dye & Durham Price Performance

Shares of TSE DND opened at C$20.85 on Friday. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The firm has a market cap of C$1.40 billion, a PE ratio of -7.12 and a beta of 2.09. Dye & Durham has a one year low of C$10.92 and a one year high of C$21.00. The firm has a fifty day moving average of C$17.46 and a 200 day moving average of C$14.60.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The company had revenue of C$119.93 million for the quarter, compared to analysts’ expectations 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, research analysts predict that Dye & Durham will post 0.1121051 EPS for the current fiscal 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.