Dye & Durham Limited (TSE:DND) Receives C$14.17 Consensus Target Price from Brokerages

Dye & Durham Limited (TSE:DND) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.50.

DND has been the topic of a number of analyst reports. CIBC decreased their target price on shares of Dye & Durham from C$8.50 to C$4.50 in a research report on Monday. Cormark dropped their target price on Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. BMO Capital Markets lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Cibc World Mkts downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd.

Dye & Durham Stock Down 10.1%

Shares of DND opened at C$4.17 on Friday. Dye & Durham has a 1 year low of C$2.63 and a 1 year high of C$21.93. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The stock has a 50 day simple moving average of C$4.59 and a two-hundred day simple moving average of C$7.97. The firm has a market cap of C$280.10 million, a P/E ratio of -1.71 and a beta of 2.46.

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.