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Dye & Durham (TSE:DND) Price Target Cut to C$18.00 by Analysts at Scotiabank

Dye & Durham logo with Computer and Technology background

Dye & Durham (TSE:DND - Get Free Report) had its target price reduced by analysts at Scotiabank from C$20.00 to C$18.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 104.31% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the company. Cormark downgraded Dye & Durham from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 14th. BMO Capital Markets decreased their target price on Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. CIBC dropped their target price on shares of Dye & Durham from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$21.64.

Check Out Our Latest Research Report on Dye & Durham

Dye & Durham Price Performance

TSE:DND remained flat at C$8.81 during trading hours on Monday. 143,399 shares of the company's stock were exchanged, compared to its average volume of 225,282. Dye & Durham has a 12 month low of C$7.85 and a 12 month high of C$22.59. The company's 50-day moving average is C$10.53 and its 200 day moving average is C$14.89. The stock has a market cap of C$613.51 million, a price-to-earnings ratio of -3.60 and a beta of 2.09. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

Insiders Place Their Bets

In other news, insider Plantro Ltd. acquired 89,400 shares of the firm's stock in a transaction on Monday, February 24th. The stock was bought at an average cost of C$12.48 per share, with a total value of C$1,115,667.30. 25.60% of the stock is owned by company insiders.

Dye & Durham Company Profile

(Get Free Report)

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.

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