Scotiabank Cuts Dye & Durham (TSE:DND) Price Target to C$20.00

Dye & Durham (TSE:DND) had its price objective reduced by Scotiabank from C$25.00 to C$20.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on the company. Canaccord Genuity Group cut their price objective on 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. Canaccord Genuity Group upped their price target on Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. BMO Capital Markets raised their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, CIBC lowered their target price on shares of Dye & Durham from C$30.00 to C$25.00 in a research note on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$22.50.

Dye & Durham Price Performance

Shares of DND stock opened at C$13.27 on Friday. The firm has a market cap of C$924.09 million, a P/E ratio of -5.42 and a beta of 2.09. The firm has a fifty day moving average of C$16.75 and a two-hundred day moving average of C$16.18. 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$10.92 and a 1-year high of C$22.59.

Insider Buying and Selling at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. sold 1,778,900 shares of the firm’s 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. Also, Director Eric Shahinian acquired 12,300 shares of Dye & Durham stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average price of C$17.35 per share, with a total value of C$213,433.29. 25.60% of the stock is currently owned by company 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.