Dye & Durham (TSE:DND) PT Raised to C$23.00

Dye & Durham (TSE:DND) had its price target increased by equities researchers at BMO Capital Markets from C$18.00 to C$23.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 19.73% from the company’s previous close.

Several other research firms have also commented on DND. Cormark lowered their price target on shares of Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. CIBC lifted their price objective 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$22.08.

Dye & Durham Price Performance

Shares of DND traded up C$0.71 during trading hours on Wednesday, reaching C$19.21. The company had a trading volume of 312,703 shares, compared to its average volume of 152,234. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -6.56 and a beta of 2.09. Dye & Durham has a 12-month low of C$7.46 and a 12-month high of C$19.48. The firm has a 50 day simple moving average of C$14.87 and a 200-day simple moving average of C$13.96. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. The company had revenue of C$120.12 million during the quarter, compared to the consensus estimate of C$119.81 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. Research analysts expect that Dye & Durham will post 0.1121051 earnings per share for the current year.

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.