Dye & Durham Limited (TSE:DND) Receives C$24.71 Consensus Price Target from Analysts

Shares of Dye & Durham Limited (TSE:DND) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$24.71.

Several equities analysts have recently issued reports on DND shares. Canaccord Genuity Group decreased their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Canaccord Genuity Group boosted their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. BMO Capital Markets boosted their target price on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, CIBC lifted their price objective on Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th.

Insider Buying and Selling

In related news, insider Plantro Ltd. sold 1,000,000 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total transaction of C$19,150,000.00. 25.60% of the stock is owned by corporate insiders.

Dye & Durham Trading Down 1.4 %

Shares of TSE DND opened at C$17.51 on Wednesday. The company’s 50 day simple moving average is C$18.78 and its 200 day simple moving average is C$15.32. 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 fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The firm has a market capitalization of C$1.17 billion, a P/E ratio of -5.98 and a beta of 2.09.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The company had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. On average, analysts predict 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. Stockholders of record on Thursday, November 14th were issued a $0.019 dividend. 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 0.43%. 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.