Dye & Durham Limited (TSE:DND) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dye & Durham Limited (TSE:DND) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$22.50.

Several analysts recently commented on DND shares. Canaccord Genuity Group decreased their price target on Dye & Durham from C$27.50 to C$23.00 in a research note on Friday, February 14th. Canaccord Genuity Group boosted their price target on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. CIBC decreased their price target on Dye & Durham from C$30.00 to C$25.00 in a research note on Friday, February 14th. BMO Capital Markets decreased their price target on Dye & Durham from C$22.00 to C$20.00 in a research note on Friday, February 14th. Finally, Scotiabank decreased their price target on Dye & Durham from C$25.00 to C$20.00 in a research note on Friday, February 14th.

Dye & Durham Price Performance

Shares of DND stock opened at C$13.16 on Monday. The stock’s fifty day simple moving average is C$14.85 and its 200 day simple moving average is C$16.22. 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$916.43 million, a price-to-earnings ratio of -5.37 and a beta of 2.09. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59.

Insiders Place Their Bets

In other news, insider Plantro Ltd. sold 1,000,000 shares of the business’s stock in a transaction on 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. Also, Director Eric Shahinian bought 12,300 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average price of C$17.35 per share, with a total value of C$213,433.29. 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.