Dye & Durham (TSE:DND) Price Target Lowered to C$20.00 at BMO Capital Markets

Dye & Durham (TSE:DND - Free Report) had its price objective lowered by BMO Capital Markets from C$22.00 to C$20.00 in a research report report published on Friday morning,BayStreet.CA reports.

Other analysts have also issued reports about the stock. CIBC decreased their price target on shares of Dye & Durham from C$30.00 to C$25.00 in a research report on Friday. Canaccord Genuity Group decreased their target price on shares of Dye & Durham from C$30.00 to C$27.50 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Scotiabank cut their price target on shares of Dye & Durham from C$25.00 to C$20.00 in a report on Friday. Finally, Canaccord Genuity Group increased their price objective on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dye & Durham currently has a consensus rating of "Buy" and an average target price of C$22.50.

Dye & Durham Stock Down 4.9 %

Shares of TSE DND traded down C$0.65 during mid-day trading on Friday, reaching C$12.62. 301,548 shares of the company were exchanged, compared to its average volume of 165,266. Dye & Durham has a 1 year low of C$10.92 and a 1 year high of C$22.59. The firm has a 50-day moving average of C$16.46 and a 200 day moving average of C$16.20. The stock has a market cap of C$878.83 million, a price-to-earnings ratio of -5.15 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 at Dye & Durham

In other news, Director Eric Shahinian acquired 12,300 shares of Dye & Durham stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00. 25.60% of the stock is currently owned by company 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.