CIBC Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND - Get Free Report) had its price objective lowered by investment analysts at CIBC from C$25.00 to C$21.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's price objective suggests a potential upside of 158.30% from the company's previous close.

Several other equities research analysts also recently commented on DND. BMO Capital Markets dropped their target price on Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. Canaccord Genuity Group decreased their target price on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. Scotiabank cut their price target on shares of Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. Finally, Cormark downgraded Dye & Durham from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Dye & Durham has an average rating of "Moderate Buy" and an average price target of C$21.93.

Dye & Durham Stock Down 2.4 %

Shares of TSE:DND traded down C$0.20 during midday trading on Wednesday, reaching C$8.13. The company's stock had a trading volume of 92,469 shares, compared to its average volume of 225,909. Dye & Durham has a 12-month low of C$7.85 and a 12-month high of C$22.59. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The firm has a 50 day moving average of C$11.40 and a 200-day moving average of C$15.36. The firm has a market capitalization of C$566.15 million, a P/E ratio of -3.32 and a beta of 2.09.

Insiders Place Their Bets

In other news, insider Plantro Ltd. purchased 89,400 shares of the company's stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of C$12.48 per share, for a total transaction of C$1,115,667.30. 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.