Scotiabank Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price target reduced by investment analysts at Scotiabank from C$25.00 to C$20.00 in a report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 50.72% from the company’s previous close.

A number of other brokerages have also issued reports on DND. Canaccord Genuity Group dropped their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. CIBC dropped their target price on Dye & Durham from C$30.00 to C$25.00 in a research report on Friday. BMO Capital Markets lifted their target price on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group lifted their target price on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham currently has an average rating of “Buy” and a consensus target price of C$22.50.

Dye & Durham Stock Down 3.5 %

Shares of TSE DND opened at C$13.27 on Friday. Dye & Durham has a 1 year low of C$10.92 and a 1 year high of C$22.59. The firm has a market cap of C$924.09 million, a price-to-earnings ratio of -5.42 and a beta of 2.09. 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 stock’s 50-day simple moving average is C$16.75 and its 200-day simple moving average is C$16.21.

Insider Buying and Selling

In related news, insider Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock in a transaction dated Thursday, January 16th. The stock was 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 the firm’s stock in a transaction 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. Insiders own 25.60% of the company’s stock.

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.