Dye & Durham Limited (TSE:DND) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dye & Durham Limited (TSE:DND) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$16.43.

DND has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Dye & Durham from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial decreased their price target on Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 16th. Cormark dropped their price objective on Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. CIBC lowered Dye & Durham from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$16.00 to C$8.50 in a report on Friday. Finally, Canaccord Genuity Group dropped their target price on Dye & Durham from C$16.00 to C$14.50 and set a “buy” rating on the stock in a research report on Wednesday, July 9th.

Dye & Durham Stock Down 3.8%

DND opened at C$7.00 on Monday. The stock has a market capitalization of C$470.40 million, a price-to-earnings ratio of -2.87 and a beta of 2.26. Dye & Durham has a twelve month low of C$6.84 and a twelve month high of C$22.59. The firm has a 50 day moving average price of C$9.90 and a 200-day moving average price of C$9.69. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35.

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.