Dye & Durham Limited (TSE:DND) Receives C$16.43 Average PT from Analysts

Dye & Durham Limited (TSE:DND) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$16.43.

A number of equities analysts recently commented on DND shares. Scotiabank lifted their price objective on Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Canaccord Genuity Group dropped their target price on Dye & Durham from C$16.00 to C$14.50 and set a “buy” rating for the company in a report on Wednesday, July 9th. Cibc World Mkts cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Raymond James Financial lowered their price target on shares of Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 16th. Finally, CIBC cut shares of Dye & Durham from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$16.00 to C$8.50 in a research report on Friday, October 3rd.

Dye & Durham Stock Performance

DND opened at C$4.62 on Friday. The firm has a market capitalization of C$310.46 million, a PE ratio of -1.89 and a beta of 2.26. Dye & Durham has a twelve month low of C$4.20 and a twelve month high of C$22.59. The firm’s 50-day moving average price is C$8.59 and its 200 day moving average price is C$9.26. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

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.