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

Dye & Durham (TSE:DND) had its price target raised by research analysts at CIBC from C$22.00 to C$30.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 55.12% from the company’s current price.

DND has been the subject of several other research reports. Canaccord Genuity Group lifted their price objective on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. BMO Capital Markets upped their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group dropped their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$24.71.

Dye & Durham Stock Performance

Shares of DND traded down C$0.57 on Wednesday, reaching C$19.34. 100,986 shares of the company’s stock traded hands, compared to its average volume of 153,040. The stock has a market cap of C$1.29 billion, a PE ratio of -6.60 and a beta of 2.09. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. Dye & Durham has a 52-week low of C$10.92 and a 52-week high of C$22.59. The stock’s 50 day simple moving average is C$18.54 and its two-hundred day simple moving average is C$15.13.

Dye & Durham (TSE:DND) last announced its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The business had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. On average, analysts forecast 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.