Dream Unlimited (TSE:DRM) Price Target Raised to C$30.00

Dream Unlimited (TSE:DRM) had its price objective increased by investment analysts at TD Securities from C$27.00 to C$30.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 66.94% from the stock’s previous close.

Dream Unlimited Trading Up 0.3 %

Shares of TSE DRM traded up C$0.06 during mid-day trading on Tuesday, reaching C$17.97. 24,612 shares of the company’s stock were exchanged, compared to its average volume of 28,486. The firm has a market capitalization of C$728.14 million, a price-to-earnings ratio of -6.54 and a beta of 1.33. The company has a debt-to-equity ratio of 129.84, a quick ratio of 0.67 and a current ratio of 2.57. Dream Unlimited has a 52-week low of C$16.53 and a 52-week high of C$25.24. The company’s 50-day moving average is C$19.51 and its 200-day moving average is C$20.52.

Dream Unlimited (TSE:DRM) last released its quarterly earnings results on Wednesday, February 21st. The company reported C($1.91) earnings per share for the quarter. Dream Unlimited had a negative return on equity of 7.92% and a negative net margin of 30.26%. The business had revenue of C$107.86 million for the quarter. Analysts expect that Dream Unlimited will post 2.0897868 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jane Gavan sold 19,528 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$20.78, for a total transaction of C$405,791.84. 45.82% of the stock is owned by corporate insiders.

Dream Unlimited Company Profile

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.