Dye & Durham (TSE:DND) Price Target Lowered to C$16.00 at CIBC

Dye & Durham (TSE:DND) had its price objective decreased by CIBC from C$17.00 to C$16.00 in a research note released on Monday morning,BayStreet.CA reports.

Several other analysts also recently weighed in on DND. BMO Capital Markets cut 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. Canaccord Genuity Group dropped their target price on shares of Dye & Durham from C$16.00 to C$14.50 and set a “buy” rating on the stock in a report on Wednesday, July 9th. Cormark raised shares of Dye & Durham from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, June 3rd. Scotiabank lowered their price objective on shares of Dye & Durham from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. Finally, Raymond James Financial lowered their price objective on shares of Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dye & Durham currently has an average rating of “Buy” and an average price target of C$17.57.

Dye & Durham Stock Performance

Shares of Dye & Durham stock opened at C$9.20 on Monday. The firm’s 50-day simple moving average is C$9.80 and its 200-day simple moving average is C$11.42. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham has a 1 year low of C$7.85 and a 1 year high of C$22.59. The firm has a market cap of C$640.67 million, a PE ratio of -3.76 and a beta of 2.09.

Insider Activity

In other Dye & Durham news, insider Plantro Ltd. sold 350,000 shares of the stock in a transaction dated 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. Also, Senior Officer Avjit Kamboj acquired 10,681 shares of the firm’s stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of C$9.36 per share, for a total transaction of C$99,974.16. In the last ninety days, insiders bought 247,681 shares of company stock worth $2,428,784. 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.