Dye & Durham (TSE:DND - Free Report) had its price objective cut by Canaccord Genuity Group from C$16.00 to C$14.50 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Several other equities analysts have also recently issued reports on the company. Cormark raised Dye & Durham from a "hold" rating to a "moderate buy" rating in a report on Tuesday, June 3rd. BMO Capital Markets dropped their price objective on 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. Scotiabank cut their price objective on Dye & Durham from C$18.00 to C$14.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Finally, CIBC reduced their target price on Dye & Durham from C$21.00 to C$17.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham currently has a consensus rating of "Buy" and an average target price of C$18.17.
Get Our Latest Analysis on DND
Dye & Durham Stock Performance
Shares of DND stock traded up C$0.08 on Wednesday, hitting C$10.16. The company had a trading volume of 142,074 shares, compared to its average volume of 238,638. The firm has a market cap of C$707.52 million, a P/E ratio of -4.15 and a beta of 2.09. The company has a 50-day moving average price of C$9.72 and a 200-day moving average price of C$11.89. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. Dye & Durham has a twelve month low of C$7.85 and a twelve month high of C$22.59.
Insider Activity at Dye & Durham
In other Dye & Durham news, Senior Officer Avjit Kamboj bought 10,681 shares of Dye & Durham stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost 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 on Monday, June 2nd. The shares were sold at an average price of C$10.29, for a total value of C$3,599,750.00. Over the last ninety days, insiders have bought 247,681 shares of company stock valued at $2,428,784. Corporate insiders own 25.60% of the company's stock.
About Dye & Durham
(
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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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