Brokerages Set Dye & Durham Limited (TSE:DND) PT 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.

Dye & Durham Limited (TSE:DND - Get Free Report) has received an average rating of "Buy" from the five brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$17.92.

Several brokerages have recently weighed in on DND. CIBC lowered their price target on shares of Dye & Durham from C$17.00 to C$16.00 in a research report on Monday, July 21st. Canaccord Genuity Group lowered their price target on shares of Dye & Durham from C$16.00 to C$14.50 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. BMO Capital Markets lowered their target price on shares of 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. Scotiabank lifted their price target on shares of Dye & Durham from C$14.00 to C$16.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Cormark upgraded shares of Dye & Durham from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, June 3rd.

Dye & Durham Trading Down 2.7%

Shares of DND stock traded down C$0.30 on Thursday, hitting C$10.80. 48,489 shares of the stock traded hands, compared to its average volume of 224,455. The firm's 50-day moving average price is C$10.27 and its two-hundred day moving average price is C$10.25. 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 stock has a market capitalization of C$725.76 million, a PE ratio of -4.43 and a beta of 2.25. Dye & Durham has a twelve month low of C$7.85 and a twelve month high of C$22.59.

Insider Buying and Selling at Dye & Durham

In related news, Senior Officer Avjit Kamboj purchased 10,681 shares of the company's stock in a transaction on Monday, June 23rd. The stock was acquired at an average cost of C$9.36 per share, for a total transaction of C$99,974.16. 25.60% of the stock is currently owned by corporate insiders.

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.