Cormark Cuts Dye & Durham (TSE:DND) Price Target to C$15.00

Key Points

• Cormark has lowered its price target for Dye & Durham from C$17.00 to C$15.00, indicating a potential upside of 73.41% from the current price.
• Multiple analysts have revised their price objectives for Dye & Durham, with ratings ranging from "buy" to "outperform" and an average target price of C$17.50.
• Dye & Durham's stock experienced a 0.7% decline during recent trading, with the share price reaching C$8.65.

Dye & Durham (TSE:DND - Free Report) had its target price decreased by Cormark from C$17.00 to C$15.00 in a research report report published on Thursday,BayStreet.CA reports. Cormark also issued estimates for Dye & Durham's Q4 2025 earnings at ($0.18) EPS and FY2027 earnings at ($0.52) EPS.

DND has been the topic of a number of other research reports. CIBC lowered their price objective on shares of Dye & Durham from C$17.00 to C$16.00 in a research note on Monday, July 21st. BMO Capital Markets lowered their price objective on shares of Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Scotiabank lifted their price objective on shares of Dye & Durham from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial lowered their price target on shares of Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group reduced their price objective on shares of Dye & Durham from C$16.00 to C$14.50 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Dye & Durham has a consensus rating of "Buy" and an average price target of C$17.50.

Dye & Durham Stock Performance

Shares of DND traded down C$0.17 during mid-day trading on Thursday, reaching C$8.73. 264,173 shares of the company's stock traded hands, compared to its average volume of 229,535. Dye & Durham has a 12 month low of C$7.85 and a 12 month high of C$22.59. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The stock has a market capitalization of C$586.66 million, a P/E ratio of -3.58 and a beta of 2.25. The business's 50-day moving average price is C$10.21 and its 200-day moving average price is C$10.04.

About Dye & Durham

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.