Dye & Durham (TSE:DND) Given New C$18.00 Price Target at Scotiabank

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 report issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's target price points to a potential upside of 102.70% from the stock's previous close.

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

Dye & Durham Trading Down 0.7 %

DND stock traded down C$0.06 during mid-day trading on Monday, reaching C$8.88. 22,589 shares of the stock traded hands, compared to its average volume of 224,852. The business has a 50-day moving average price of C$10.73 and a two-hundred day moving average price of C$14.97. The stock has a market capitalization of C$618.38 million, a PE ratio of -3.62 and a beta of 2.09. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham has a one year low of C$7.85 and a one year high of C$22.59.

Insider Activity at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. sold 15,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$12.00, for a total transaction of C$180,000.00. 25.60% of the stock is owned by 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.