Dye & Durham Limited (TSE:DND) Given Consensus Rating of “Moderate Buy” by Analysts

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

A number of equities analysts have recently commented on DND shares. CIBC cut their price target on shares of Dye & Durham from C$30.00 to C$25.00 in a report on Friday, February 14th. BMO Capital Markets cut their target price on Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. 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 lifted their price objective on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, Scotiabank decreased their target price on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday, February 14th.

Insiders Place Their Bets

In related news, Director Eric Shahinian purchased 12,300 shares of Dye & Durham stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. acquired 89,400 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of C$12.48 per share, for a total transaction of C$1,115,667.30. 25.60% of the stock is currently owned by corporate insiders.

Dye & Durham Stock Down 0.5 %

Shares of TSE DND opened at C$11.28 on Friday. Dye & Durham has a 1 year low of C$10.92 and a 1 year 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. The firm has a market cap of C$785.51 million, a PE ratio of -4.60 and a beta of 2.09. The company has a 50 day simple moving average of C$13.52 and a 200 day simple moving average of C$16.06.

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.