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

Dye & Durham Limited (TSE:DND - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$21.64.

Several equities analysts have recently commented on DND shares. Cormark lowered shares of Dye & Durham from a "moderate buy" rating to a "hold" rating in a report on Friday, February 14th. BMO Capital Markets decreased their price objective on shares of Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Canaccord Genuity Group cut their price objective on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. Scotiabank cut their price objective on shares of Dye & Durham from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, CIBC decreased their target price on Dye & Durham from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th.

Dye & Durham Stock Performance

Shares of DND stock remained flat at C$8.81 on Monday. 143,399 shares of the stock were exchanged, compared to its average volume of 225,282. Dye & Durham has a twelve month low of C$7.85 and a twelve month 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 firm has a 50-day moving average of C$10.53 and a 200-day moving average of C$14.89. The company has a market cap of C$613.51 million, a P/E ratio of -3.60 and a beta of 2.09.

Insider Transactions at Dye & Durham

In other news, insider Plantro Ltd. sold 15,000 shares of Dye & Durham stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$12.00, for a total transaction of C$180,000.00. Insiders own 25.60% of the company's stock.

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.