Dye & Durham Limited (TSE:DND) Receives C$22.50 Average PT from Brokerages

Shares of Dye & Durham Limited (TSE:DND) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$22.50.

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

Dye & Durham Trading Up 0.4 %

TSE DND opened at C$11.33 on Friday. The stock has a market cap of C$789.00 million, a P/E ratio of -4.62 and a beta of 2.09. Dye & Durham has a fifty-two week low of C$10.88 and a fifty-two week high of C$22.59. The stock has a 50 day simple moving average of C$13.43 and a two-hundred day simple 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.

Insider Buying and Selling at Dye & Durham

In related news, Director Eric Shahinian purchased 12,300 shares of the stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of C$17.35 per share, with a total value of C$213,433.29. Also, insider Plantro Ltd. sold 15,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of C$12.00, for a total transaction of C$180,000.00. Insiders own 25.60% of the company’s stock.

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.