Dream Unlimited (TSE:DRM) Upgraded by Scotiabank to “Strong-Buy” Rating

Dream Unlimited (TSE:DRM) was upgraded by analysts at Scotiabank to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

Several other research analysts have also commented on the stock. Scotia set a C$25.00 price objective on shares of Dream Unlimited and gave the company a “sector outperform” rating in a research note on Thursday. TD raised their price target on shares of Dream Unlimited from C$29.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$28.00.

Dream Unlimited Price Performance

DRM opened at C$17.95 on Thursday. The stock’s 50-day moving average price is C$19.02 and its 200 day moving average price is C$19.27. Dream Unlimited has a 12-month low of C$17.00 and a 12-month high of C$22.66. The firm has a market cap of C$752.88 million, a price-to-earnings ratio of 85.48 and a beta of 1.44. The company has a current ratio of 209.05, a quick ratio of 0.67 and a debt-to-equity ratio of 145.27.

Dream Unlimited (TSE:DRM) last released its earnings results on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$0.07 million during the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. As a group, sell-side analysts expect that Dream Unlimited will post 1.9481391 earnings per share for the current year.

Dream Unlimited Company Profile

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.