Dye & Durham (TSE:DND - Get Free Report) had its price target lowered by equities researchers at Canaccord Genuity Group from C$16.00 to C$14.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 43.71% from the stock's current price.
A number of other brokerages also recently weighed in on DND. BMO Capital Markets decreased their price objective on shares of Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Cormark upgraded Dye & Durham from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, June 3rd. Scotiabank decreased their target price on shares of Dye & Durham from C$18.00 to C$14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Finally, CIBC dropped their price target on Dye & Durham from C$21.00 to C$17.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$18.17.
Check Out Our Latest Report on Dye & Durham
Dye & Durham Stock Performance
TSE DND traded down C$0.14 on Wednesday, hitting C$10.09. 69,423 shares of the company's stock traded hands, compared to its average volume of 239,151. The firm has a market capitalization of C$702.64 million, a PE ratio of -4.12 and a beta of 2.09. Dye & Durham has a 1-year low of C$7.85 and a 1-year high of C$22.59. The firm's 50-day moving average price is C$9.70 and its two-hundred day moving average price is C$11.90. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.
Insider Activity at Dye & Durham
In other Dye & Durham news, insider Plantro Ltd. sold 350,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$10.29, for a total transaction of C$3,599,750.00. Also, Senior Officer Avjit Kamboj purchased 10,681 shares of the stock in a transaction dated Monday, June 23rd. The shares were acquired at an average price of C$9.36 per share, with a total value of C$99,974.16. In 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
(
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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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