Dream Unlimited (TSE:DRM) Price Target Raised to C$28.00

Dream Unlimited (TSE:DRM) had its price objective increased by analysts at TD Securities from C$27.00 to C$28.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 45.00% from the stock’s current price.

Dream Unlimited Trading Up 7.7%

Shares of DRM stock traded up C$1.38 during trading hours on Thursday, hitting C$19.31. 68,161 shares of the company were exchanged, compared to its average volume of 32,691. The company has a 50 day simple moving average of C$18.07 and a two-hundred day simple moving average of C$19.92. The firm has a market cap of C$814.73 million, a P/E ratio of 10.61 and a beta of 1.34. The company has a debt-to-equity ratio of 135.03, a quick ratio of 0.67 and a current ratio of 5.58. Dream Unlimited has a fifty-two week low of C$16.60 and a fifty-two week high of C$23.36.

Dream Unlimited (TSE:DRM) last issued its earnings results on Wednesday, November 12th. The company reported C($0.35) earnings per share (EPS) for the quarter. Dream Unlimited had a negative return on equity of 1.59% and a negative net margin of 4.18%.The company had revenue of C$114.58 million for the quarter. Equities analysts anticipate that Dream Unlimited will post 1.9481391 EPS for the current year.

About Dream Unlimited

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.