Canaccord Genuity Group Cuts Dye & Durham (TSE:DND) Price Target to C$27.50

Dye & Durham (TSE:DND) had its target price reduced by Canaccord Genuity Group from C$30.00 to C$27.50 in a report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. CIBC lifted their target price on Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Finally, BMO Capital Markets upped their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$24.71.

Dye & Durham Stock Up 0.1 %

Shares of TSE DND opened at C$18.17 on Wednesday. Dye & Durham has a 1 year low of C$10.92 and a 1 year high of C$22.59. The firm has a 50-day simple moving average of C$18.66 and a two-hundred day simple moving average of C$15.19. The company 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.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (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%. Research analysts anticipate that Dye & Durham will post 0.1121051 earnings per share for the current year.

Dye & Durham Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given 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 yield of 0.42%. Dye & Durham’s dividend payout ratio (DPR) 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.