Dye & Durham (TSE:DND) Receives “Outperform” Rating from BMO Capital Markets

Dye & Durham (TSE:DND)‘s stock had its “outperform” rating reiterated by investment analysts at BMO Capital Markets in a research note issued to investors on Thursday, Stock Target Advisor reports.

Several other analysts have also commented on the company. CIBC reaffirmed a “neutral” rating and issued a C$5.50 price target on shares of Dye & Durham in a research note on Friday, October 8th. Raymond James reaffirmed an “outperform” rating and issued a C$63.00 price target on shares of Dye & Durham in a research note on Tuesday. Canaccord Genuity decreased their price target on Dye & Durham from C$60.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Scotiabank decreased their price target on Dye & Durham from C$61.00 to C$53.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Dye & Durham presently has an average rating of “Buy” and a consensus price target of C$53.00.

Shares of TSE:DND traded down C$0.26 during trading on Thursday, hitting C$35.84. 527,723 shares of the stock were exchanged, compared to its average volume of 258,110. Dye & Durham has a 1-year low of C$19.42 and a 1-year high of C$53.68. The company has a market capitalization of C$2.46 billion and a price-to-earnings ratio of -49.50. The company’s fifty day simple moving average is C$44.59 and its 200-day simple moving average is C$44.64. The company has a debt-to-equity ratio of 80.45, a quick ratio of 4.47 and a current ratio of 4.54.

Dye & Durham (TSE:DND) last announced its quarterly earnings data on Monday, August 23rd. The company reported C$0.09 earnings per share for the quarter. The firm had revenue of C$84.40 million for the quarter. On average, research analysts forecast 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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Analyst Recommendations for Dye & Durham (TSE:DND)

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