BMO Capital Markets Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price objective reduced by equities research analysts at BMO Capital Markets from C$22.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 50.72% from the company’s previous close.

Several other equities analysts also recently commented on DND. CIBC lowered their target price on shares of Dye & Durham from C$30.00 to C$25.00 in a research report on Friday. Scotiabank lowered their target price on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday. Canaccord Genuity Group decreased their price target on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group upped their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$22.50.

Dye & Durham Trading Down 3.5 %

Dye & Durham stock opened at C$13.27 on Friday. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The company has a market capitalization of C$924.09 million, a price-to-earnings ratio of -5.42 and a beta of 2.09. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59. The company’s fifty day moving average price is C$16.75 and its two-hundred day moving average price is C$16.21.

Insider Activity at Dye & Durham

In related news, insider Plantro Ltd. sold 1,778,900 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of C$15.16, for a total value of C$26,967,768.22. Also, Director Eric Shahinian bought 12,300 shares of Dye & Durham stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average price of C$17.35 per share, with a total value of C$213,433.29. 25.60% of the stock is owned by corporate insiders.

About Dye & Durham

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.