Scotiabank Analysts Give Dye & Durham (TSE:DND) a C$24.00 Price Target

Scotiabank set a C$24.00 price target on Dye & Durham (TSE:DND) in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently issued reports on DND. Cormark cut their price target on Dye & Durham from C$24.00 to C$23.00 in a report on Wednesday, February 14th. Canaccord Genuity Group cut their price target on Dye & Durham from C$30.00 to C$25.00 and set a buy rating on the stock in a report on Monday, February 12th. CIBC cut their price target on Dye & Durham from C$21.50 to C$21.00 and set an outperform rating on the stock in a report on Wednesday, February 14th. Finally, Raymond James raised their price target on Dye & Durham from C$15.00 to C$16.00 and gave the stock an outperform rating in a report on Wednesday, February 14th.

Dye & Durham Trading Down 3.4 %

TSE:DND opened at C$14.96 on Friday. The company has a quick ratio of 1.98, a current ratio of 0.89 and a debt-to-equity ratio of 342.22. The business’s 50 day moving average is C$14.41 and its two-hundred day moving average is C$13.26. Dye & Durham has a 52 week low of C$7.46 and a 52 week high of C$21.21. The company has a market cap of C$1.00 billion, a PE ratio of -5.05 and a beta of 2.16.

Dye & Durham (TSE:DND) last announced 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 for the quarter, compared to the consensus estimate of C$108.20 million. Dye & Durham had a negative return on equity of 35.81% and a negative net margin of 37.99%. On average, analysts predict that Dye & Durham will post 0.1099752 EPS for the current year.

Dye & Durham Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Tuesday, February 20th. Dye & Durham’s dividend payout ratio (DPR) is presently -2.70%.

Insider Activity

In other news, insider Plantro Ltd. purchased 1,074,500 shares of the stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of C$12.10 per share, for a total transaction of C$13,001,450.00. 25.61% of the stock is owned by insiders.

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.