Dye & Durham (TSE:DND) Given New C$16.00 Price Target at CIBC

Dye & Durham (TSE:DND - Get Free Report) had its price objective dropped by research analysts at CIBC from C$17.00 to C$16.00 in a report issued on Monday,BayStreet.CA reports. CIBC's target price points to a potential upside of 73.16% from the stock's current price.

DND has been the subject of a number of other reports. Cormark upgraded shares of Dye & Durham from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, June 3rd. Scotiabank dropped their price target on Dye & Durham from C$18.00 to C$14.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Canaccord Genuity Group reduced their price objective 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. BMO Capital Markets cut their price target on shares of Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Finally, Raymond James Financial decreased their price objective on shares of Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dye & Durham has a consensus rating of "Buy" and an average price target of C$17.57.

Dye & Durham Trading Down 2.1%

DND stock traded down C$0.20 during midday trading on Monday, hitting C$9.24. The stock had a trading volume of 106,286 shares, compared to its average volume of 234,617. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The business has a fifty day moving average price of C$9.80 and a two-hundred day moving average price of C$11.42. 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$643.45 million, a P/E ratio of -3.77 and a beta of 2.09.

Insiders Place Their Bets

In related news, Senior Officer Avjit Kamboj bought 10,681 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were purchased at an average price of C$9.36 per share, with a total value of C$99,974.16. Also, insider Plantro Ltd. sold 350,000 shares of the stock in a transaction that occurred 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 three months, insiders bought 247,681 shares of company stock valued at $2,428,784. Corporate 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.

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.