Scotiabank Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its target price reduced by Scotiabank from C$18.00 to C$14.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 37.52% from the company’s previous close.

DND has been the topic of several other research reports. BMO Capital Markets lowered their target price on shares of Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating on the stock in a report on Thursday. Canaccord Genuity Group lowered their target price on shares of Dye & Durham from C$19.00 to C$16.00 and set a “buy” rating on the stock in a report on Thursday. Cormark downgraded shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, CIBC lowered their target price on shares of Dye & Durham from C$25.00 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$18.42.

Dye & Durham Price Performance

DND stock opened at C$10.18 on Thursday. Dye & Durham has a one year low of C$7.85 and a one year high of C$22.59. The company’s fifty day moving average price is C$9.50 and its 200-day moving average price is C$13.98. 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 company has a market capitalization of C$708.91 million, a PE ratio of -4.16 and a beta of 2.09.

Insider Activity at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. purchased 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of C$9.50 per share, with a total value of C$1,186,975.00. 25.60% of the stock is owned by insiders.

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.