Dye & Durham Limited (TSE:DND) Receives C$13.50 Consensus Target Price from Brokerages

Shares of Dye & Durham Limited (TSE:DND) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$13.50.

A number of equities research analysts have recently commented on DND shares. BMO Capital Markets cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. CIBC dropped their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th.

Dye & Durham Price Performance

Shares of TSE DND opened at C$4.17 on Friday. The company has a 50 day simple moving average of C$3.98 and a two-hundred day simple moving average of C$6.53. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$21.93. The company has a market capitalization of C$280.10 million, a price-to-earnings ratio of -1.71 and a beta of 3.09. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Saturday, January 31st. The company reported C($0.58) earnings per share for the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%.The company had revenue of C$91.78 million during the quarter. Analysts expect that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Company Profile

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.