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

Dye & Durham Limited (TSE:DND) has received an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat 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 12 month target price 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. Canaccord Genuity Group lifted their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Canaccord Genuity Group lowered their target price on shares of Dye & Durham from C$27.50 to C$23.00 in a research note on Friday, February 14th. Scotiabank reduced their price target on Dye & Durham from C$25.00 to C$20.00 in a research note on Friday, February 14th. Cormark downgraded Dye & Durham from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, CIBC dropped their target price on Dye & Durham from C$30.00 to C$25.00 in a research note on Friday, February 14th.

Insider Activity

In other Dye & Durham news, insider Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$15.16, for a total transaction of C$26,967,768.22. Also, Director Eric Shahinian acquired 12,300 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were acquired at an average price of C$17.35 per share, with a total value of C$213,433.29. Corporate insiders own 25.60% of the company’s stock.

Dye & Durham Trading Up 7.1 %

Dye & Durham stock opened at C$13.16 on Monday. The stock has a 50-day moving average price of C$15.02 and a 200 day moving average price of C$16.16. Dye & Durham has a 52 week low of C$10.92 and a 52 week high of C$22.59. The stock has a market cap of C$916.43 million, a PE ratio of -5.37 and a beta of 2.09. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

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.