Brokerages Set Dye & Durham Limited (TSE:DND) Price Target at C$14.17

Dye & Durham Limited (TSE:DND) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$13.50.

DND has been the topic of a number of research analyst reports. BMO Capital Markets lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Cormark decreased their price objective on Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. Cibc World Mkts cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, CIBC reduced their target price on shares of Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th.

Dye & Durham Stock Performance

Shares of Dye & Durham stock opened at C$4.17 on Friday. The firm has a market capitalization of C$280.10 million, a PE ratio of -1.71 and a beta of 2.46. Dye & Durham has a twelve month low of C$2.63 and a twelve month high of C$21.93. The firm’s 50-day moving average price is C$4.34 and its 200 day moving average price is C$7.83. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

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.