CIBC Cuts Dye & Durham (TSE:DND) Price Target to C$17.00

Dye & Durham (TSE:DND) had its target price cut by CIBC from C$21.00 to C$17.00 in a report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on DND. BMO Capital Markets reduced their target price on shares of Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Thursday. Scotiabank reduced their target price on shares of Dye & Durham from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday. Cormark downgraded shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group reduced their target price on shares of Dye & Durham from C$19.00 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dye & Durham presently has an average rating of “Moderate Buy” and an average price target of C$18.42.

Dye & Durham Stock Performance

DND opened at C$10.18 on Thursday. The firm has a market capitalization of C$708.91 million, a PE ratio of -4.16 and a beta of 2.09. Dye & Durham has a twelve month low of C$7.85 and a twelve month high of C$22.59. The firm’s 50-day moving average price is C$9.50 and its 200 day moving average price is C$13.94. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

Insider Activity

In related news, insider Plantro Ltd. purchased 125,000 shares of Dye & Durham stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of C$9.50 per share, with a total value of C$1,186,975.00. 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.