Raymond James Financial Lowers Dye & Durham (TSE:DND) Price Target to C$15.00

Dye & Durham (TSE:DND) had its price objective dropped by research analysts at Raymond James Financial from C$17.00 to C$15.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 60.26% from the company’s current price.

A number of other brokerages also recently commented on DND. Cormark raised shares of Dye & Durham from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, June 3rd. Scotiabank decreased their price objective on shares of 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. Canaccord Genuity Group decreased 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 report on Wednesday, July 9th. BMO Capital Markets decreased their price objective on shares of 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. Finally, CIBC decreased their price objective on shares of 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$17.71.

Dye & Durham Stock Up 1.1%

Shares of DND stock opened at C$9.36 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. Dye & Durham has a 1 year low of C$7.85 and a 1 year high of C$22.59. The firm’s fifty day moving average price is C$9.80 and its two-hundred day moving average price is C$11.56. The firm has a market capitalization of C$651.81 million, a P/E ratio of -3.82 and a beta of 2.09.

Insider Transactions at Dye & Durham

In other news, Senior Officer Avjit Kamboj bought 10,681 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was bought at an average cost of C$9.36 per share, for a total transaction of C$99,974.16. Also, insider Plantro Ltd. sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$10.29, for a total transaction of C$3,599,750.00. Insiders acquired a total of 247,681 shares of company stock valued at $2,428,784 in the last three months. 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.