Free Trial

Dye & Durham Limited (TSE:DND) Receives Consensus Rating of "Buy" from Brokerages

Dye & Durham logo with Computer and Technology background

Key Points

  • Dye & Durham Limited (TSE:DND) has received a consensus rating of "Buy" from five rating firms, indicating a positive outlook for the stock.
  • The average 1-year price target set by analysts for Dye & Durham is C$17.92, despite recent adjustments by some brokerages.
  • Insider activity includes the purchase of 10,681 shares by a senior officer, reflecting confidence in the company's future performance.
  • Need Better Tools to Track Dye & Durham? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Dye & Durham Limited (TSE:DND - Get Free Report) has been given an average recommendation of "Buy" by the five ratings firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is C$17.92.

DND has been the subject of several research reports. Cormark raised Dye & Durham from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, June 3rd. Scotiabank lifted their price target on Dye & Durham from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Canaccord Genuity Group cut their price target on Dye & Durham from C$16.00 to C$14.50 and set a "buy" rating for the company in a research note on Wednesday, July 9th. CIBC cut their price target on Dye & Durham from C$17.00 to C$16.00 in a research note on Monday, July 21st. Finally, Raymond James Financial cut their price target on Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating for the company in a research note on Wednesday, July 16th.

Check Out Our Latest Report on DND

Dye & Durham Price Performance

Dye & Durham stock opened at C$10.60 on Friday. Dye & Durham has a one year low of C$7.85 and a one year high of C$22.59. 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 business has a fifty day moving average of C$9.92 and a two-hundred day moving average of C$10.77. The company has a market cap of C$738.16 million, a P/E ratio of -4.33 and a beta of 2.09.

Insider Activity at Dye & Durham

In other news, Senior Officer Avjit Kamboj acquired 10,681 shares of Dye & Durham stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average cost of C$9.36 per share, for a total transaction of C$99,974.16. Also, insider Plantro Ltd. sold 350,000 shares of the firm's stock in a transaction 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. Over the last quarter, insiders have bought 247,681 shares of company stock valued at $2,428,784. Company insiders own 25.60% of the company's stock.

About Dye & Durham

(Get Free Report)

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.

See Also

Analyst Recommendations for Dye & Durham (TSE:DND)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Dye & Durham Right Now?

Before you consider Dye & Durham, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dye & Durham wasn't on the list.

While Dye & Durham currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines