CIBC Forecasts Strong Price Appreciation for Dye & Durham (TSE:DND) Stock

Dye & Durham (TSE:DND) had its target price hoisted by CIBC from C$22.00 to C$30.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 55.12% from the stock’s current price.

DND has been the topic of a number of other reports. Canaccord Genuity Group raised their price target on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Canaccord Genuity Group cut their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, 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 note on Wednesday, October 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham presently has an average rating of “Buy” and a consensus price target of C$24.71.

Dye & Durham Stock Down 2.9 %

TSE:DND traded down C$0.57 during mid-day trading on Wednesday, hitting C$19.34. 100,986 shares of the company’s stock traded hands, compared to its average volume of 153,040. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The company has a fifty day moving average of C$18.54 and a 200 day moving average of C$15.13. The company has a market capitalization of C$1.29 billion, a P/E ratio of -6.60 and a beta of 2.09. Dye & Durham has a twelve month low of C$10.92 and a twelve month high of C$22.59.

Dye & Durham (TSE:DND) last announced its earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The firm had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. On average, analysts forecast that Dye & Durham will post 0.1121051 EPS for the current year.

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.