BMO Capital Markets Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price target dropped by stock analysts at BMO Capital Markets from C$20.00 to C$16.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 57.17% from the company’s current price.

A number of other equities research analysts have also issued reports on DND. Cormark lowered shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a report on Friday, February 14th. Scotiabank cut their price target on shares of Dye & Durham from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. CIBC dropped their target price on shares of Dye & Durham from C$25.00 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group dropped their target price on shares of Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$18.42.

Dye & Durham Price Performance

Shares of Dye & Durham stock opened at C$10.18 on Thursday. The firm has a market cap of C$708.91 million, a PE ratio of -4.16 and a beta of 2.09. Dye & Durham has a 12-month low of C$7.85 and a 12-month high of C$22.59. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The company’s fifty day simple moving average is C$9.50 and its two-hundred day simple moving average is C$13.98.

Insider Transactions at Dye & Durham

In related news, insider Plantro Ltd. bought 125,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of C$9.50 per share, with a total value of C$1,186,975.00. Corporate insiders own 25.60% of the company’s stock.

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.