Dream Unlimited (TSE:DRM) Price Target Cut to C$35.00

Dream Unlimited (TSE:DRM – Get Rating) had its price target reduced by equities research analysts at TD Securities from C$43.00 to C$35.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 63.48% from the company’s previous close.

Dream Unlimited Stock Performance

TSE DRM opened at C$21.41 on Friday. Dream Unlimited has a fifty-two week low of C$21.01 and a fifty-two week high of C$45.50. The company has a debt-to-equity ratio of 105.45, a quick ratio of 0.67 and a current ratio of 1.72. The firm has a market capitalization of C$882.95 million, a P/E ratio of 6.10 and a beta of 1.23. The stock has a 50-day simple moving average of C$22.96 and a two-hundred day simple moving average of C$25.83.

Insider Activity

In related news, Senior Officer Robert Michael Lockwood Hughes sold 40,403 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of C$24.72, for a total transaction of C$998,762.16. Insiders own 45.14% of the company’s stock.

About Dream Unlimited

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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.