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

Dye & Durham (TSE:DND) had its target price upped by CIBC from C$22.00 to C$30.00 in a report issued on Wednesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on DND. Canaccord Genuity Group reduced their price objective on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday. Canaccord Genuity Group increased their price target on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, BMO Capital Markets boosted their price objective 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham currently has an average rating of “Buy” and an average target price of C$24.71.

Dye & Durham Stock Up 0.1 %

Dye & Durham stock opened at C$18.17 on Wednesday. The stock has a market cap of C$1.22 billion, a PE ratio of -6.20 and a beta of 2.09. 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 stock has a fifty day moving average of C$18.66 and a 200 day moving average 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 announced its earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The business had revenue of C$119.93 million for the quarter, compared to analysts’ expectations of C$120.30 million. As a group, sell-side analysts predict that Dye & Durham will post 0.1121051 EPS for the current year.

Dye & Durham Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.42%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s dividend payout ratio is presently -2.73%.

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.