Brokerages Set Dye & Durham Limited (TSE:DND) Price Target at C$24.71

Dye & Durham Limited (TSE:DND) has received a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$24.71.

A number of equities analysts have issued reports on the company. CIBC raised their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Canaccord Genuity Group raised their target price on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. BMO Capital Markets raised 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. Finally, Canaccord Genuity Group reduced their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday, December 18th.

Insider Activity at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total transaction of C$19,150,000.00. Also, Director Eric Shahinian purchased 12,300 shares of Dye & Durham stock in a transaction on Tuesday, December 31st. The shares were purchased at an average cost of C$17.35 per share, with a total value of C$213,433.29. 25.60% of the stock is owned by insiders.

Dye & Durham Price Performance

Shares of DND stock opened at C$15.75 on Friday. The stock has a 50-day moving average price of C$18.48 and a 200 day moving average price of C$15.85. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of -5.38 and a beta of 2.09. Dye & Durham has a 12 month low of C$10.92 and a 12 month high of C$22.59.

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

Dye & Durham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.019 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. 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.