Brokerages Set Dye & Durham Limited (TSE:DND) PT at C$17.92

Shares of Dye & Durham Limited (TSE:DND) have earned a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$17.92.

Several equities research analysts have commented on DND shares. BMO Capital Markets cut their price objective on Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. Raymond James Financial dropped their price target on Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, July 16th. Cormark upgraded Dye & Durham from a “hold” rating to a “moderate buy” rating in a report on Tuesday, June 3rd. CIBC lowered their target price on shares of Dye & Durham from C$17.00 to C$16.00 in a research note on Monday, July 21st. Finally, Canaccord Genuity Group reduced their target price 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.

Insider Activity

In other news, Senior Officer Avjit Kamboj bought 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. Also, insider Plantro Ltd. sold 350,000 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$10.29, for a total transaction of C$3,599,750.00. Over the last 90 days, insiders have purchased 247,681 shares of company stock valued at $2,428,784. 25.60% of the stock is owned by company insiders.

Dye & Durham Price Performance

Shares of Dye & Durham stock opened at C$10.85 on Friday. The firm has a market cap of C$755.57 million, a PE ratio of -4.43 and a beta of 2.09. Dye & Durham has a twelve month low of C$7.85 and a twelve 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 business has a 50-day moving average price of C$9.93 and a 200 day moving average price of C$10.71.

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.