Dye & Durham Limited (TSE:DND) Given Consensus Rating of "Buy" by Brokerages

Dye & Durham Limited (TSE:DND - Get Free Report) has been assigned an average recommendation of "Buy" from the six research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is C$24.71.

Several brokerages have recently commented on DND. BMO Capital Markets lifted their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group decreased their price objective on shares of Dye & Durham from C$30.00 to C$27.50 and set a "buy" rating for the company in a report on Wednesday, December 18th. Canaccord Genuity Group increased their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Finally, CIBC lifted their price target on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an "outperform" rating 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 firm's stock in a transaction dated Thursday, December 19th. The shares were 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 dated Tuesday, December 31st. The stock was bought 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 currently owned by insiders.

Dye & Durham Stock Down 1.7 %

Shares of DND traded down C$0.29 during trading on Friday, reaching C$16.98. The company's stock had a trading volume of 118,885 shares, compared to its average volume of 70,499. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of -5.80 and a beta of 2.09. 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 company has a fifty day moving average of C$18.66 and a two-hundred day moving average of C$15.81. Dye & Durham has a twelve month low of C$10.92 and a twelve month high of C$22.59.

Dye & Durham (TSE:DND - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The company had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. On average, sell-side analysts predict that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.019 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.45%. 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.