Dye & Durham Limited (TSE:DND) Given Average Rating of “Buy” by Brokerages

Dye & Durham Limited (TSE:DND) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is C$24.71.

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

Dye & Durham Trading Up 0.5 %

TSE:DND opened at C$15.83 on Friday. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. The business’s 50-day simple moving average is C$18.32 and its 200-day simple moving average is C$15.94. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The stock has a market capitalization of C$1.06 billion, a PE ratio of -5.40 and a beta of 2.09.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The company 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 net margin of 38.23% and a negative return on equity of 42.91%. Sell-side analysts expect that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued 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 0.48%. Dye & Durham’s payout ratio is -2.73%.

Insiders Place Their Bets

In other Dye & Durham news, insider Plantro Ltd. sold 1,000,000 shares of Dye & Durham 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. Also, Director Eric Shahinian acquired 12,300 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Insiders own 25.60% of the company’s stock.

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.