Dye & Durham (TSE:DND) Price Target Raised to C$16.00

Dye & Durham (TSE:DND – Free Report) had its target price boosted by Scotiabank from C$14.00 to C$16.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on DND. Cormark upgraded Dye & Durham from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, June 3rd. Canaccord Genuity Group cut their target price on Dye & Durham from C$16.00 to C$14.50 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Raymond James Financial cut their target price on Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, July 16th. BMO Capital Markets decreased their price target on shares of Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. Finally, CIBC decreased their price target on shares of Dye & Durham from C$17.00 to C$16.00 in a research report on Monday, July 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$17.92.

Get Our Latest Stock Analysis on Dye & Durham

Dye & Durham Stock Performance

DND opened at C$10.81 on Thursday. The company has a market capitalization of C$752.78 million, a price-to-earnings ratio of -4.41 and a beta of 2.09. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. Dye & Durham has a 1-year low of C$7.85 and a 1-year high of C$22.59. The business has a 50 day moving average price of C$9.86 and a two-hundred day moving average price of C$10.94.

Insider Activity at Dye & Durham

In related news, insider Plantro Ltd. sold 350,000 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$10.29, for a total value of C$3,599,750.00. Also, Senior Officer Avjit Kamboj purchased 10,681 shares of Dye & Durham stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average price of C$9.36 per share, with a total value of C$99,974.16. In the last 90 days, insiders acquired 247,681 shares of company stock worth $2,428,784. 25.60% of the stock is currently owned by company insiders.

Dye & Durham Company Profile

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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.