Scotiabank Issues Pessimistic Forecast for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price objective decreased by analysts at Scotiabank from C$25.00 to C$20.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 47.06% from the stock’s previous close.

DND has been the subject of a number of other research reports. BMO Capital Markets increased their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. CIBC cut their price target on Dye & Durham from C$30.00 to C$25.00 in a research note on Friday. Canaccord Genuity Group increased their price target on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, Canaccord Genuity Group cut their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham currently has a consensus rating of “Buy” and an average target price of C$22.50.

Dye & Durham Price Performance

DND stock traded down C$0.15 during trading on Friday, reaching C$13.60. The company’s stock had a trading volume of 237,793 shares, compared to its average volume of 155,497. Dye & Durham has a 1 year low of C$10.92 and a 1 year 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 company has a market capitalization of C$947.07 million, a P/E ratio of -5.55 and a beta of 2.09. The company’s fifty day moving average is C$16.89 and its 200-day moving average is C$16.18.

Insider Buying and Selling at Dye & Durham

In other news, Director Eric Shahinian acquired 12,300 shares of Dye & Durham stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average cost of C$17.35 per share, with a total value of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total transaction of C$19,150,000.00. Insiders own 25.60% of the company’s stock.

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.