Dream Unlimited (TSE:DRM) Stock Rating Upgraded by Scotiabank

Dream Unlimited (TSE:DRM) was upgraded by equities research analysts at Scotiabank to a “strong-buy” rating in a report released on Thursday, Zacks reports.

DRM has been the topic of several other research reports. Scotia set a C$25.00 price target on shares of Dream Unlimited and gave the company a “sector outperform” rating in a research report on Thursday. TD increased their target price on Dream Unlimited from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$28.00.

Dream Unlimited Price Performance

Shares of Dream Unlimited stock opened at C$17.95 on Thursday. The company has a quick ratio of 0.67, a current ratio of 209.05 and a debt-to-equity ratio of 145.27. The company has a market cap of C$752.88 million, a PE ratio of 85.48 and a beta of 1.44. The business has a 50 day moving average of C$19.02 and a 200 day moving average of C$19.27. Dream Unlimited has a 52 week low of C$17.00 and a 52 week high of C$22.66.

Dream Unlimited (TSE:DRM) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$0.07 million during the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. As a group, equities research analysts forecast that Dream Unlimited will post 1.9481391 earnings per share for the current year.

Dream Unlimited Company Profile

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.