BMO Capital Markets Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

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

A number of other equities analysts have also recently issued reports on DND. CIBC dropped their target price on Dye & Durham from C$30.00 to C$25.00 in a report on Friday. Canaccord Genuity Group lifted their price objective on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Canaccord Genuity Group lowered their target price on shares of 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. Finally, Scotiabank cut their price target on shares of Dye & Durham from C$25.00 to C$20.00 in a report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$22.50.

Dye & Durham Price Performance

Shares of Dye & Durham stock opened at C$13.27 on Friday. Dye & Durham has a twelve month low of C$10.92 and a twelve month 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. The firm has a market cap of C$924.09 million, a P/E ratio of -5.42 and a beta of 2.09. The firm’s 50-day simple moving average is C$16.75 and its 200-day simple moving average is C$16.18.

Insider Buying and Selling at Dye & Durham

In other news, Director Eric Shahinian purchased 12,300 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were acquired 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 dated 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. Corporate insiders own 25.60% of the company’s stock.

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.