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

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

A number of other equities analysts have also commented on the stock. BMO Capital Markets raised their target price on shares of 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. CIBC reduced their target price on shares of Dye & Durham from C$30.00 to C$25.00 in a research report on Friday. Canaccord Genuity Group raised their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. Finally, Canaccord Genuity Group reduced 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 research report on Wednesday, December 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham presently has an average rating of “Buy” and a consensus target price of C$22.50.

Dye & Durham Trading Down 1.1 %

Shares of TSE:DND traded down C$0.15 during trading on Friday, reaching C$13.60. 237,793 shares of the company were exchanged, compared to its average volume of 155,497. The firm has a market capitalization of C$947.07 million, a PE ratio of -5.55 and a beta of 2.09. The business’s fifty day simple moving average is C$16.89 and its 200-day simple moving average is C$16.18. Dye & Durham has a 12-month low of C$10.92 and a 12-month high of C$22.59. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98.

Insider Buying and Selling at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00. Also, Director Eric Shahinian bought 12,300 shares of the stock in a transaction on Tuesday, December 31st. The stock was purchased 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 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.