Dye & Durham Limited (TSE:DND) Given Average Rating of "Buy" by Analysts

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.

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

Several analysts have recently commented on the company. BMO Capital Markets reduced their target price on Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. CIBC reduced their target price on Dye & Durham from C$17.00 to C$16.00 in a research note on Monday, July 21st. Scotiabank boosted their price objective on Dye & Durham from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Cormark upgraded Dye & Durham from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, June 3rd. Finally, Raymond James Financial lowered their price target on shares of Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating on the stock in a report on Wednesday, July 16th.

Dye & Durham Trading Up 0.1%

Shares of DND stock traded up C$0.01 during mid-day trading on Friday, hitting C$10.88. The company's stock had a trading volume of 34,437 shares, compared to its average volume of 233,165. The company's fifty day simple moving average is C$9.93 and its 200-day simple moving average is C$10.71. 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 quick ratio of 1.98 and a current ratio of 0.32. The company has a market cap of C$757.66 million, a PE ratio of -4.44 and a beta of 2.09.

Insider Activity

In other Dye & Durham news, insider Plantro Ltd. sold 350,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were 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 firm's stock in a transaction on Monday, June 23rd. The shares were acquired at an average cost of C$9.36 per share, with a total value of C$99,974.16. Insiders acquired 247,681 shares of company stock valued at $2,428,784 over the last 90 days. 25.60% of the stock is currently owned by company 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.