Dye & Durham (TSE:DND) Price Target Lowered to C$30.00 at BMO Capital Markets

Dye & Durham (TSE:DNDGet Rating) had its price target decreased by BMO Capital Markets from C$53.00 to C$30.00 in a research report released on Friday, BayStreet.CA reports.

A number of other brokerages have also issued reports on DND. Canaccord Genuity Group dropped their target price on Dye & Durham from C$75.00 to C$65.00 in a research report on Tuesday, February 22nd. Scotiabank dropped their target price on Dye & Durham from C$60.00 to C$59.00 in a research report on Thursday, February 3rd. Finally, Raymond James dropped their target price on Dye & Durham from C$77.00 to C$60.00 and set an outperform rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of C$55.67.

Shares of TSE DND opened at C$17.04 on Friday. Dye & Durham has a 1 year low of C$12.95 and a 1 year high of C$50.49. The firm has a market cap of C$1.18 billion and a price-to-earnings ratio of 115.14. The company has a debt-to-equity ratio of 230.45, a quick ratio of 7.68 and a current ratio of 7.79. The stock’s 50-day simple moving average is C$23.29 and its 200-day simple moving average is C$32.75.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, June 10th will be issued a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.45%. The ex-dividend date is Thursday, June 9th. Dye & Durham’s dividend payout ratio is currently 50.68%.

Dye & Durham Company Profile (Get Rating)

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, Australia, Ireland, and the United Kingdom. It offers legal software solutions, such as due diligence, incorporation and business organization, PPSA and securities filings, litigation, and practice management solutions that automates workflow and streamlines access to public records to support end-to-end legal transactions.

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