Scotiabank Cuts Dye & Durham (TSE:DND) Price Target to C$18.00

Dye & Durham (TSE:DND) had its target price lowered by equities researchers at Scotiabank from C$20.00 to C$18.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 99.12% from the stock’s current price.

DND has been the topic of several other research reports. Cormark cut Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. BMO Capital Markets dropped their price target on Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Canaccord Genuity Group decreased their price objective on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. Finally, CIBC dropped their target price on shares of Dye & Durham from C$25.00 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$21.64.

Dye & Durham Price Performance

DND stock opened at C$9.04 on Monday. The stock’s 50 day moving average is C$10.79 and its two-hundred day moving average is C$15.02. Dye & Durham has a 52-week low of C$7.85 and a 52-week high of C$22.59. The company has a market capitalization of C$629.53 million, a PE ratio of -3.69 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.

Insider Buying and Selling

In other news, insider Plantro Ltd. sold 15,000 shares of Dye & Durham stock in a transaction on Friday, February 21st. The stock was sold at an average price of C$12.00, for a total transaction of C$180,000.00. 25.60% of the stock is currently owned by insiders.

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.