Dye & Durham (TSE:DND) Given New C$23.00 Price Target at Canaccord Genuity Group

Dye & Durham (TSE:DND) had its price objective trimmed by Canaccord Genuity Group from C$27.50 to C$23.00 in a research report sent to investors on Friday,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on DND. Scotiabank dropped their price target on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday. BMO Capital Markets dropped their target price on shares of Dye & Durham from C$22.00 to C$20.00 in a report on Friday. Canaccord Genuity Group lifted their price target on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Finally, CIBC dropped their price objective on Dye & Durham from C$30.00 to C$25.00 in a research note on Friday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$22.50.

Dye & Durham Stock Down 3.5 %

TSE:DND opened at C$13.27 on Friday. Dye & Durham has a twelve month low of C$10.92 and a twelve month high of C$22.59. The firm has a market capitalization of C$924.09 million, a price-to-earnings ratio of -5.42 and a beta of 2.09. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The stock’s 50 day moving average price is C$16.75 and its two-hundred day moving average price is C$16.18.

Insider Transactions at Dye & Durham

In other Dye & Durham news, Director Eric Shahinian bought 12,300 shares of Dye & Durham stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price of C$17.35 per share, with a total value of C$213,433.29. Also, insider Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total transaction of C$26,967,768.22. Corporate insiders own 25.60% of the company’s stock.

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.