Dream Unlimited (TSE:DRM) Price Target Raised to C$30.00

Dream Unlimited (TSE:DRM) had its target price boosted by TD from C$29.00 to C$30.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 52.36% from the company’s current price.

Separately, TD Securities increased their price objective on shares of Dream Unlimited from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$29.50.

Dream Unlimited Stock Up 5.4%

DRM stock traded up C$1.00 during trading on Friday, hitting C$19.69. 130,664 shares of the stock traded hands, compared to its average volume of 37,476. Dream Unlimited has a 1 year low of C$17.00 and a 1 year high of C$23.36. The firm’s 50 day moving average is C$18.81 and its two-hundred day moving average is C$19.18. The stock has a market cap of C$825.92 million, a price-to-earnings ratio of -54.69 and a beta of 1.48. The company has a debt-to-equity ratio of 138.83, a current ratio of 184.85 and a quick ratio of 0.67.

Dream Unlimited (TSE:DRM) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C($0.11) EPS for the quarter. Dream Unlimited had a negative net margin of 3.32% and a negative return on equity of 1.06%. The firm had revenue of C$67.43 million for the quarter. On average, sell-side analysts anticipate that Dream Unlimited will post 1.9481391 EPS for the current year.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.