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

Shares of Dye & Durham Limited (TSE:DND) have received an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$24.71.

DND has been the topic of several research analyst reports. CIBC boosted their price target on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Canaccord Genuity Group lifted their price objective on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. BMO Capital Markets lifted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group cut their price objective on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a research report on Wednesday, December 18th.

Dye & Durham Price Performance

Shares of TSE:DND opened at C$14.49 on Thursday. The business’s 50 day simple moving average is C$17.03 and its 200-day simple moving average is C$16.18. The firm has a market capitalization of C$969.53 million, a price-to-earnings ratio of -4.95 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. Dye & Durham has a 12 month low of C$10.92 and a 12 month high of C$22.59.

Insider Buying and Selling at Dye & Durham

In other Dye & Durham 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 value of C$19,150,000.00. Also, Director Eric Shahinian purchased 12,300 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price of C$17.35 per share, with a total value of C$213,433.29. 25.60% of the stock is currently owned by 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.