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

Dye & Durham Limited (TSE:DND) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, 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 twelve-month target price among analysts that have issued a report on the stock in the last year is C$22.50.

DND has been the topic of a number of analyst reports. CIBC lowered their price objective on Dye & Durham from C$30.00 to C$25.00 in a report on Friday, February 14th. BMO Capital Markets lowered their price objective on Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. Canaccord Genuity Group increased their price objective on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Scotiabank lowered their price objective on Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. Finally, Cormark lowered Dye & Durham from a “moderate buy” rating to a “hold” rating in a report on Friday, February 14th.

Insider Buying and Selling at Dye & Durham

In other news, Director Eric Shahinian acquired 12,300 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were bought at an average price of C$17.35 per share, with a total value of C$213,433.29. Also, insider Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total value of C$26,967,768.22. Insiders own 25.60% of the company’s stock.

Dye & Durham Stock Performance

Shares of DND stock opened at C$13.16 on Monday. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The stock’s 50-day moving average is C$14.85 and its two-hundred day moving average is C$16.22. The firm has a market cap of C$916.43 million, a P/E ratio of -5.37 and a beta of 2.09.

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.