Analysts Set Dye & Durham Limited (TSE:DND) Price Target at C$22.50

Shares of Dye & Durham Limited (TSE:DND) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$22.50.

A number of brokerages have recently commented on DND. CIBC reduced their price target on shares of Dye & Durham from C$30.00 to C$25.00 in a research note on Friday, February 14th. Scotiabank cut their target price on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday, February 14th. Cormark lowered shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. BMO Capital Markets dropped their price target on Dye & Durham from C$22.00 to C$20.00 in a research note on Friday, February 14th. Finally, Canaccord Genuity Group reduced their price objective on Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th.

Insider Transactions at Dye & Durham

In other news, Director Eric Shahinian bought 12,300 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 15,000 shares of Dye & Durham stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$12.00, for a total transaction of C$180,000.00. Corporate insiders own 25.60% of the company’s stock.

Dye & Durham Price Performance

TSE DND opened at C$11.33 on Friday. Dye & Durham has a one year low of C$10.88 and a one year high of C$22.59. The stock has a 50-day moving average of C$13.43 and a 200 day moving average of C$16.07. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The company has a market capitalization of C$789.00 million, a price-to-earnings ratio of -4.62 and a beta of 2.09.

Dye & Durham Company Profile

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.