Canaccord Genuity Group Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its target price decreased by equities research analysts at Canaccord Genuity Group from C$30.00 to C$27.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 51.52% from the stock’s current price.

Several other research firms have also issued reports on DND. BMO Capital Markets increased their price objective 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. Canaccord Genuity Group increased their price target on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Finally, CIBC boosted their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham has a consensus rating of “Buy” and a consensus price target of C$24.71.

Dye & Durham Stock Performance

Shares of TSE:DND opened at C$18.15 on Wednesday. The business has a 50-day moving average of C$18.66 and a two-hundred day moving average of C$15.19. The firm has a market capitalization of C$1.21 billion, a PE ratio of -6.19 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. Dye & Durham has a 12 month low of C$10.92 and a 12 month high of C$22.59.

Dye & Durham (TSE:DND) last posted 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 return on equity of 42.91% and a negative net margin of 38.23%. The business had revenue of C$119.93 million for 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 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.