Dye & Durham Limited (TSE:DND) Given Average Rating of “Buy” by Brokerages

Shares of Dye & Durham Limited (TSE:DND) have earned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$24.71.

Several brokerages recently weighed in on DND. CIBC upped their target price on shares of Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Canaccord Genuity Group cut their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Canaccord Genuity Group increased their price objective 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 target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd.

Dye & Durham Trading Up 0.1 %

Shares of TSE DND opened at C$18.17 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. The stock has a market capitalization of C$1.22 billion, a PE ratio of -6.20 and a beta of 2.09. Dye & Durham has a twelve month low of C$10.92 and a twelve month high of C$22.59. The stock has a fifty day simple moving average of C$18.71 and a 200-day simple moving average of C$15.25.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. On average, equities analysts forecast that Dye & Durham will post 0.1121051 earnings per share for the current year.

Dye & Durham Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued 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 (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.