Dye & Durham Limited (TSE:DND) Receives Average Recommendation of "Buy" from Brokerages

Shares of Dye & Durham Limited (TSE:DND - Get Free Report) have earned an average rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$17.71.

Several analysts have weighed in on the company. Raymond James Financial lowered their price target on Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating on the stock in a report on Wednesday. CIBC lowered their price target on Dye & Durham from C$21.00 to C$17.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Cormark raised Dye & Durham from a "hold" rating to a "moderate buy" rating in a report on Tuesday, June 3rd. BMO Capital Markets lowered their price target on Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group lowered their price target on Dye & Durham from C$16.00 to C$14.50 and set a "buy" rating on the stock in a report on Wednesday, July 9th.

Dye & Durham Stock Performance

Shares of TSE DND traded up C$0.08 during trading on Wednesday, reaching C$9.44. 52,682 shares of the stock traded hands, compared to its average volume of 235,618. Dye & Durham has a 52-week low of C$7.85 and a 52-week high of C$22.59. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The company has a 50-day moving average of C$9.80 and a 200-day moving average of C$11.51. The stock has a market capitalization of C$657.38 million, a P/E ratio of -3.85 and a beta of 2.09.

Insider Buying and Selling

In other news, insider Plantro Ltd. sold 350,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$10.29, for a total value of C$3,599,750.00. Also, Senior Officer Avjit Kamboj bought 10,681 shares of the stock in a transaction dated Monday, June 23rd. The stock was purchased at an average price of C$9.36 per share, with a total value of C$99,974.16. Over the last quarter, insiders bought 247,681 shares of company stock worth $2,428,784. Corporate 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.