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

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

DND has been the subject of a number of other research reports. 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 report on Wednesday, October 23rd. CIBC lifted their price objective 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, Canaccord Genuity Group upped their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$24.71.

Dye & Durham Stock Down 3.8 %

DND stock traded down C$0.76 during trading on Wednesday, hitting C$19.15. 207,376 shares of the stock traded hands, compared to its average volume of 153,527. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of -6.54 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. Dye & Durham has a 1 year low of C$10.92 and a 1 year high of C$22.59. The firm's 50 day moving average is C$18.61 and its two-hundred day moving average is C$15.15.

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

Dye & Durham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 is currently -2.73%.

Dye & Durham Company Profile

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.