Dye & Durham (TSE:DND) Price Target Cut to C$20.00 by Analysts at BMO Capital Markets

Dye & Durham (TSE:DND) had its price objective lowered by BMO Capital Markets from C$22.00 to C$20.00 in a research note published on Friday,BayStreet.CA reports.

DND has been the topic of several other research reports. Scotiabank cut their price objective on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday. CIBC cut their price target on shares of Dye & Durham from C$30.00 to C$25.00 in a report on Friday. Canaccord Genuity Group upped their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Finally, Canaccord Genuity Group cut their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$22.50.

Dye & Durham Stock Performance

Shares of DND stock opened at C$13.27 on Friday. 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$16.75 and its two-hundred day moving average is C$16.18. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The firm has a market cap of C$924.09 million, a P/E ratio of -5.42 and a beta of 2.09.

Insider Activity

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