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

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

Other analysts have also issued reports about the stock. Canaccord Genuity Group cut their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of 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. Finally, Canaccord Genuity Group raised their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$24.71.

Dye & Durham Stock Performance

Shares of DND stock opened at C$18.15 on Wednesday. Dye & Durham has a 52 week low of C$10.92 and a 52 week high of C$22.59. The firm has a 50 day moving average of C$18.66 and a two-hundred day moving average of C$15.19. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. The stock has a market capitalization of C$1.21 billion, a PE ratio of -6.19 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 company had revenue of C$119.93 million during the quarter, compared to analysts’ expectations of C$120.30 million. On average, research analysts predict that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Company Profile

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.