Dye & Durham (TSE:DND) PT Lowered to C$44.00 at CIBC

Dye & Durham (TSE:DND) had its target price dropped by analysts at CIBC to C$44.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 22.77% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Raymond James reaffirmed an “outperform” rating and issued a C$63.00 target price on shares of Dye & Durham in a report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dye & Durham in a report on Thursday. Canaccord Genuity cut their price objective on Dye & Durham from C$60.00 to C$55.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Scotiabank cut their price objective on Dye & Durham from C$61.00 to C$53.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$53.00.

TSE:DND traded down C$0.26 during trading hours on Thursday, reaching C$35.84. 527,723 shares of the company were exchanged, compared to its average volume of 258,110. The company has a market capitalization of C$2.46 billion and a P/E ratio of -49.50. Dye & Durham has a 1-year low of C$19.42 and a 1-year high of C$53.68. The company has a debt-to-equity ratio of 80.45, a current ratio of 4.54 and a quick ratio of 4.47. The business has a 50 day moving average of C$44.59 and a 200 day moving average of C$44.64.

Dye & Durham (TSE:DND) last issued its earnings results on Monday, August 23rd. The company reported C$0.09 earnings per share for the quarter. The business had revenue of C$84.40 million during the quarter. As a group, equities research analysts anticipate that Dye & Durham will post 1.42 earnings per share for the current fiscal year.

About Dye & Durham

Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada and the United Kingdom. Its cloud-based platform automates the public record due diligence searches, document preparation, and electronic public record for legal due diligence, corporate formation and maintenance, lien registration, litigation, and real estate conveyancing.

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