Brokerages Set Dye & Durham Limited (TSE:DND) Target Price at C$24.71

Shares of Dye & Durham Limited (TSE:DND) have received a consensus rating of “Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$24.71.

A number of research firms have weighed in on DND. BMO Capital Markets raised their price target on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group lifted their target price on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. CIBC lifted their target price on Dye & Durham from C$22.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group cut their target price on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research report on Wednesday, December 18th.

Dye & Durham Stock Down 0.5 %

Dye & Durham stock opened at C$14.49 on Thursday. 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 402.18, a current ratio of 1.00 and a quick ratio of 1.98. The stock has a market cap of C$969.53 million, a PE ratio of -4.95 and a beta of 2.09. The stock’s fifty day moving average is C$17.03 and its two-hundred day moving average is C$16.18.

Insider Buying and Selling at Dye & Durham

In other Dye & Durham news, Director Eric Shahinian acquired 12,300 shares of the stock in a transaction on Tuesday, December 31st. The shares were 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 that occurred on Thursday, January 16th. The shares were sold at an average price of C$15.16, for a total value of C$26,967,768.22. 25.60% of the stock is owned by corporate insiders.

About Dye & Durham

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.