CIBC Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND - Get Free Report) had its target price cut by equities research analysts at CIBC from C$25.00 to C$21.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price target suggests a potential upside of 152.10% from the stock's current price.

Several other brokerages also recently weighed in on DND. Canaccord Genuity Group lowered their target price on Dye & Durham from C$27.50 to C$23.00 in a research note on Friday, February 14th. Scotiabank lowered their price objective on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday, February 14th. BMO Capital Markets cut their price objective on shares of Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Finally, Cormark downgraded shares of Dye & Durham from a "moderate buy" rating to a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$21.93.

Dye & Durham Stock Performance

Shares of DND traded up C$0.15 during mid-day trading on Wednesday, hitting C$8.33. 254,377 shares of the company's stock were exchanged, compared to its average volume of 227,688. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. Dye & Durham has a fifty-two week low of C$7.85 and a fifty-two week high of C$22.59. The business's 50 day moving average is C$11.40 and its two-hundred day moving average is C$15.36. The firm has a market capitalization of C$580.08 million, a P/E ratio of -3.40 and a beta of 2.09.

Insiders Place Their Bets

In other news, insider Plantro Ltd. sold 15,000 shares of Dye & Durham stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$12.00, for a total transaction of C$180,000.00. 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.