Dye & Durham (TSE:DND) Price Target Raised to C$30.00

Dye & Durham (TSE:DND - Get Free Report) had its price objective raised by equities researchers at Canaccord Genuity Group from C$27.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group's target price suggests a potential upside of 43.88% from the company's current price.

DND has been the subject of a number of other reports. CIBC raised their price target on shares of Dye & Durham from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Thursday, September 5th. BMO Capital Markets raised their target price on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$22.92.

Dye & Durham Stock Up 1.9 %

Dye & Durham stock traded up C$0.38 during midday trading on Friday, hitting C$20.85. 131,294 shares of the company's stock were exchanged, compared to its average volume of 154,080. The firm has a 50-day moving average of C$17.46 and a two-hundred day moving average of C$14.60. Dye & Durham has a 12 month low of C$10.92 and a 12 month high of C$21.00. The company has a market cap of C$1.40 billion, a PE ratio of -7.12 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00.

Dye & Durham (TSE:DND - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The company had revenue of C$119.93 million for the quarter, compared to analysts' expectations of C$120.30 million. As a group, analysts expect that Dye & Durham will post 0.1121051 earnings per share for the current fiscal 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.