Dye & Durham (TSE:DND) Given New C$27.50 Price Target at Canaccord Genuity Group

Dye & Durham (TSE:DND) had its price target cut by Canaccord Genuity Group from C$30.00 to C$27.50 in a report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on DND. Canaccord Genuity Group boosted their price objective on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. CIBC raised their price target on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets lifted their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham presently has a consensus rating of “Buy” and a consensus price target of C$24.71.

Dye & Durham Price Performance

Shares of TSE DND opened at C$19.15 on Wednesday. The firm has a market capitalization of C$1.28 billion, a PE ratio of -6.54 and a beta of 2.09. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The stock’s 50-day simple moving average is C$18.61 and its 200-day simple moving average is C$15.15.

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

Dye & Durham Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.40%. Dye & Durham’s dividend payout ratio (DPR) is presently -2.73%.

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.