Dye & Durham (TSE:DND) Price Target Lowered to C$15.00 at Cormark

Dye & Durham (TSE:DND) had its price target cut by Cormark from C$17.00 to C$15.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other equities analysts have also recently commented on DND. Raymond James Financial lowered their target price on Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, July 16th. Canaccord Genuity Group dropped 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 report on Wednesday, July 9th. CIBC reduced their target price on shares of Dye & Durham from C$17.00 to C$16.00 in a report on Monday, July 21st. Scotiabank boosted their price target on shares of Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets cut their price objective on 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. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$17.50.

Dye & Durham Trading Down 0.8%

Shares of Dye & Durham stock opened at C$8.64 on Thursday. The stock has a 50 day moving average of C$10.22 and a 200 day moving average of C$10.11. 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 firm has a market capitalization of C$580.61 million, a price-to-earnings ratio of -3.54 and a beta of 2.25. Dye & Durham has a fifty-two week low of C$7.85 and a fifty-two week high of C$22.59.

Insider Buying and Selling

In other news, Senior Officer Avjit Kamboj bought 10,681 shares of the business’s stock in a transaction dated Monday, June 23rd. The shares were acquired at an average price of C$9.36 per share, for a total transaction of C$99,974.16. 25.60% of the stock is owned by corporate insiders.

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.