Dye & Durham (TSE:DND) Price Target Cut to C$20.00 by Analysts at BMO Capital Markets

Dye & Durham (TSE:DND) had its price objective reduced by research analysts at BMO Capital Markets from C$22.00 to C$20.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 47.06% from the company’s previous close.

DND has been the topic of a number of other research reports. CIBC decreased their price target on shares of Dye & Durham from C$30.00 to C$25.00 in a research note on Friday. Scotiabank decreased their price target on shares of Dye & Durham from C$25.00 to C$20.00 in a research note on Friday. Canaccord Genuity Group lifted their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, Canaccord Genuity Group decreased their price target on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$22.50.

Dye & Durham Stock Performance

DND traded down C$0.15 during trading on Friday, reaching C$13.60. 237,793 shares of the company’s stock were exchanged, compared to its average volume of 155,497. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. 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 business has a 50 day moving average price of C$16.89 and a 200 day moving average price of C$16.18. The company has a market capitalization of C$947.07 million, a P/E ratio of -5.55 and a beta of 2.09.

Insider Buying and Selling at Dye & Durham

In related news, insider Plantro Ltd. sold 1,778,900 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total value of C$26,967,768.22. Also, Director Eric Shahinian acquired 12,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price of C$17.35 per share, with a total value of C$213,433.29. Company 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.