Dye & Durham Limited (TSE:DND) Given Average Rating of “Moderate Buy” by Analysts

Dye & Durham Limited (TSE:DND) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$22.50.

DND has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Cormark cut Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. BMO Capital Markets reduced their price target on Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Canaccord Genuity Group cut their target price on Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th. Finally, Scotiabank decreased their price target on Dye & Durham from C$25.00 to C$20.00 in a research report on Friday, February 14th.

Insider Activity

In related news, insider Plantro Ltd. acquired 89,400 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of C$12.48 per share, with a total value of C$1,115,667.30. Also, Director Eric Shahinian bought 12,300 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average price of C$17.35 per share, for a total transaction of C$213,433.29. Corporate insiders own 25.60% of the company’s stock.

Dye & Durham Stock Down 0.5 %

DND opened at C$11.28 on Friday. The stock has a fifty day moving average of C$13.52 and a 200-day moving average of C$16.06. The company has a market capitalization of C$785.51 million, a P/E ratio of -4.60 and a beta of 2.09. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32.

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.