Brokerages Set Dye & Durham Limited (TSE:DND) Target Price at C$21.93

Dye & Durham Limited (TSE:DND - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$21.64.

Several brokerages recently commented on DND. CIBC reduced their price target on Dye & Durham from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Cormark cut shares of Dye & Durham from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 14th. BMO Capital Markets dropped their price target on shares of Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Canaccord Genuity Group decreased their price objective on shares of Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th. Finally, Scotiabank dropped their target price on shares of Dye & Durham from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a report on Monday, April 28th.

Dye & Durham Stock Down 1.1 %

Dye & Durham stock traded down C$0.10 during mid-day trading on Monday, reaching C$8.82. The company's stock had a trading volume of 146,773 shares, compared to its average volume of 223,443. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham has a 12 month low of C$7.85 and a 12 month high of C$22.59. The business's 50 day simple moving average is C$10.37 and its 200 day simple moving average is C$14.77. The company has a market capitalization of C$614.20 million, a price-to-earnings ratio of -3.60 and a beta of 2.09.

Insider Transactions at Dye & Durham

In other news, insider Plantro Ltd. sold 15,000 shares of Dye & Durham stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$12.00, for a total value of C$180,000.00. 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.