Brokerages Set Dye & Durham Limited (TSE:DND) Price Target at C$13.50

Dye & Durham Limited (TSE:DND) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.50.

DND has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce cut their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. BMO Capital Markets lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th.

Insider Activity

In other news, insider Plantro Ltd. bought 714,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of C$4.15 per share, with a total value of C$2,965,590.00. Following the transaction, the insider directly owned 8,717,510 shares in the company, valued at C$36,177,666.50. This trade represents a 8.93% increase in their ownership of the stock. 25.60% of the stock is currently owned by company insiders.

Dye & Durham Stock Performance

Shares of DND opened at C$5.09 on Thursday. The company has a market capitalization of C$341.91 million, a price-to-earnings ratio of -3.05 and a beta of 2.76. Dye & Durham has a 52-week low of C$2.63 and a 52-week high of C$13.79. The company has a quick ratio of 1.98, a current ratio of 0.68 and a debt-to-equity ratio of 726.94. The stock has a 50 day moving average price of C$4.08 and a 200 day moving average price of C$5.63.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Monday, February 16th. The company reported C($0.32) earnings per share for the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%.The company had revenue of C$107.02 million for the quarter. Research analysts predict that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

About Dye & Durham

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.