Dye & Durham (TSE:DND) Given New C$21.00 Price Target at CIBC

Dye & Durham (TSE:DND) had its price target decreased by CIBC from C$25.00 to C$21.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 159.26% from the company’s previous close.

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

Dye & Durham Stock Down 4.0 %

Shares of Dye & Durham stock traded down C$0.34 during trading on Wednesday, hitting C$8.10. 92,943 shares of the stock traded hands, compared to its average volume of 225,916. The stock has a market cap of C$564.07 million, a P/E ratio of -3.31 and a beta of 2.09. The company has a fifty day moving average price of C$11.78 and a two-hundred day moving average price of C$15.51. Dye & Durham has a twelve month low of C$7.85 and a twelve month high of C$22.59. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32.

Insider Activity at Dye & Durham

In other news, insider Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total transaction of C$26,967,768.22. Corporate 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.