Dye & Durham Limited (TSE:DND) Receives C$24.71 Consensus Target Price from Brokerages

Dye & Durham Limited (TSE:DND) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is C$24.71.

Several research analysts have issued reports on DND shares. Canaccord Genuity Group dropped their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets increased 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. Canaccord Genuity Group boosted their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Finally, CIBC lifted their target price on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday.

Dye & Durham Stock Up 0.1 %

Shares of DND stock opened at C$18.17 on Wednesday. The stock has a market cap of C$1.22 billion, a P/E ratio of -6.20 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. The stock has a fifty day moving average price of C$18.66 and a 200 day moving average price of C$15.19. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The business had revenue of C$119.93 million for the quarter, compared to the consensus estimate of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Analysts predict that Dye & Durham will post 0.1121051 earnings per share for the current year.

Dye & Durham Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. Dye & Durham’s dividend payout ratio (DPR) is currently -2.73%.

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.