TD Securities Raises Dream Unlimited (TSE:DRM) Price Target to C$30.00

Dream Unlimited (TSE:DRM) had its price objective boosted by equities researchers 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 brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 66.94% from the company’s current price.

Dream Unlimited Price Performance

Shares of DRM stock traded up C$0.06 during mid-day trading on Tuesday, hitting C$17.97. 24,612 shares of the stock traded hands, compared to its average volume of 28,486. Dream Unlimited has a twelve month low of C$16.53 and a twelve month high of C$25.24. The firm has a market cap of C$728.14 million, a price-to-earnings ratio of -6.54 and a beta of 1.33. The company’s 50-day simple moving average is C$19.51 and its 200-day simple moving average is C$20.52. 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 (TSE:DRM) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C($1.91) earnings per share (EPS) for the quarter. Dream Unlimited had a negative net margin of 30.26% and a negative return on equity of 7.92%. The firm had revenue of C$107.86 million for the quarter. As a group, equities research analysts expect that Dream Unlimited will post 2.0897868 earnings per share for the current year.

Insider Activity

In other news, Director Jane Gavan sold 19,528 shares of the firm’s stock in a transaction on 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 insiders.

About Dream Unlimited

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.