CIBC Issues Pessimistic Forecast for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price objective dropped by analysts at CIBC from C$8.50 to C$4.50 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 7.91% from the company’s previous close.

Several other research analysts have also recently weighed in on DND. Cormark cut their price target on shares of Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. BMO Capital Markets cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Cibc World Mkts lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Dye & Durham presently has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

Dye & Durham Price Performance

Shares of TSE DND opened at C$4.17 on Monday. The stock has a market cap of C$280.10 million, a price-to-earnings ratio of -1.71 and a beta of 2.46. The firm’s 50-day simple moving average is C$4.52 and its 200 day simple moving average is C$7.93. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$21.93. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32.

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.