Dye & Durham (TSE:DND - Free Report) had its target price trimmed by Canaccord Genuity Group from C$16.00 to C$14.50 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on DND. BMO Capital Markets decreased their target price on 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. CIBC reduced their price objective 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. Cormark raised Dye & Durham from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, June 3rd. Finally, Scotiabank reduced 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. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham currently has an average rating of "Buy" and a consensus price target of C$18.17.
View Our Latest Stock Analysis on DND
Dye & Durham Stock Performance
Dye & Durham stock traded down C$0.48 during trading hours on Wednesday, reaching C$9.68. 301,764 shares of the company were exchanged, compared to its average volume of 239,113. The firm has a market cap of C$674.09 million, a price-to-earnings ratio of -3.95 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. The stock has a 50-day moving average of C$9.77 and a 200 day moving average of C$11.78. Dye & Durham has a 12 month low of C$7.85 and a 12 month high of C$22.59.
Insider Buying and Selling at Dye & Durham
In other Dye & Durham news, Senior Officer Avjit Kamboj purchased 10,681 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were purchased at an average price of C$9.36 per share, for a total transaction of C$99,974.16. Also, insider Plantro Ltd. sold 350,000 shares of Dye & Durham 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. Over the last ninety days, insiders purchased 247,681 shares of company stock valued at $2,428,784. 25.60% of the stock is owned by company insiders.
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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