CIBC Lowers Dye & Durham (TSE:DND) Price Target to C$25.00

Dye & Durham (TSE:DND) had its price target cut by stock analysts at CIBC from C$30.00 to C$25.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 88.39% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on DND. BMO Capital Markets upped their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group dropped their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group increased their price objective on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$22.50.

Dye & Durham Trading Down 3.5 %

Shares of TSE:DND opened at C$13.27 on Friday. The stock has a market capitalization of C$924.09 million, a PE ratio of -5.42 and a beta of 2.09. The company’s 50-day moving average price is C$16.75 and its two-hundred day moving average price is C$16.21. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59.

Insider Buying and Selling at Dye & Durham

In other Dye & Durham news, Director Eric Shahinian purchased 12,300 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00. 25.60% of the stock is owned by 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.