Analysts Set Dye & Durham Limited (TSE:DND) Price Target at C$17.92

Key Points

• Dye & Durham Limited has received an average consensus rating of "Buy" from five brokerages covering the stock, with a 12-month price target averaging C$17.92.
• The stock has recently experienced a 4.1% decline, opening at C$10.61, with a market capitalization of C$712.99 million.
• Insider buying is noted, with Senior Officer Avjit Kamboj purchasing over 10,000 shares at an average cost of C$9.36 each.

Shares of Dye & Durham Limited (TSE:DND - Get Free Report) have earned a consensus recommendation of "Buy" from the five brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is C$17.92.

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group dropped their target price 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. Cormark raised Dye & Durham from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, June 3rd. Scotiabank upped their price target 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. BMO Capital Markets decreased their price objective on shares of Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Finally, Raymond James Financial cut their target price 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.

Insiders Place Their Bets

In related news, Senior Officer Avjit Kamboj purchased 10,681 shares of Dye & Durham stock in a transaction dated Monday, June 23rd. The stock was bought at an average price of C$9.36 per share, for a total transaction of C$99,974.16. 25.60% of the stock is owned by corporate insiders.

Dye & Durham Stock Performance

DND stock traded up C$0.27 during midday trading on Thursday, hitting C$11.00. 67,590 shares of the stock traded hands, compared to its average volume of 224,953. The stock's fifty day simple moving average is C$10.22 and its 200-day simple moving average is C$10.25. Dye & Durham has a 1-year low of C$7.85 and a 1-year high of C$22.59. The firm has a market cap of C$739.20 million, a P/E ratio of -4.51 and a beta of 2.25. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98.

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.