Raymond James Boosts Dye & Durham (TSE:DND) Price Target to C$22.00

Dye & Durham (TSE:DNDGet Free Report) had its target price raised by Raymond James from C$16.00 to C$22.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 58.62% from the company’s previous close.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Dye & Durham from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research note on Monday, February 12th. CIBC dropped their price target on shares of Dye & Durham from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Scotiabank dropped their price target on shares of Dye & Durham from C$24.00 to C$23.00 in a research report on Wednesday. Finally, Cormark dropped their price target on shares of Dye & Durham from C$24.00 to C$23.00 in a research report on Wednesday, February 14th.

Check Out Our Latest Research Report on DND

Dye & Durham Stock Down 2.0 %

TSE:DND traded down C$0.28 during midday trading on Wednesday, reaching C$13.87. 309,267 shares of the stock traded hands, compared to its average volume of 193,133. Dye & Durham has a 12-month low of C$7.46 and a 12-month high of C$21.21. The business has a 50-day moving average of C$15.04 and a two-hundred day moving average of C$13.70. The company has a debt-to-equity ratio of 342.22, a quick ratio of 1.98 and a current ratio of 0.89. The stock has a market capitalization of C$927.76 million, a PE ratio of -4.69 and a beta of 2.16.

Dye & Durham (TSE:DNDGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$110.18 million during the quarter, compared to analysts’ expectations of C$108.20 million. Dye & Durham had a negative net margin of 37.99% and a negative return on equity of 35.81%. On average, equities analysts forecast that Dye & Durham will post 0.1101028 earnings per share for the current fiscal year.

Dye & Durham Company Profile

(Get Free Report)

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.

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