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

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

A number of other research firms also recently commented on DND. BMO Capital Markets raised their price objective 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. Canaccord Genuity Group lifted their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Finally, CIBC increased their price objective 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham has an average rating of “Buy” and an average price target of C$24.71.

Dye & Durham Stock Down 3.8 %

Shares of TSE:DND opened at C$19.15 on Wednesday. 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 market capitalization of C$1.28 billion, a P/E ratio of -6.54 and a beta of 2.09. Dye & Durham has a 52-week low of C$10.92 and a 52-week high of C$22.59. The stock’s fifty day simple moving average is C$18.61 and its 200-day simple moving average is C$15.15.

Dye & Durham (TSE:DND) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The business 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 earnings per share for the current fiscal year.

Dye & Durham Dividend Announcement

The business also recently disclosed 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 yield of 0.40%. Dye & Durham’s dividend payout ratio (DPR) is -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.