CIBC Has Lowered Expectations for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price target decreased by CIBC from C$25.00 to C$21.00 in a report released on Wednesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. Scotiabank reduced their target price on Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. Canaccord Genuity Group reduced their price objective on Dye & Durham from C$27.50 to C$23.00 in a research note on Friday, February 14th. Cormark lowered shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, BMO Capital Markets reduced their price target on shares of Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. One research 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 a consensus rating of “Moderate Buy” and a consensus price target of C$21.93.

Dye & Durham Stock Performance

Shares of DND stock opened at C$8.18 on Wednesday. The stock has a market capitalization of C$569.64 million, a price-to-earnings ratio of -3.34 and a beta of 2.09. Dye & Durham has a one year low of C$7.85 and a one year high of C$22.59. The company’s 50-day simple moving average is C$11.65 and its 200-day simple moving average is C$15.46. 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

In other news, insider Plantro Ltd. sold 15,000 shares of Dye & Durham stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of C$12.00, for a total transaction of C$180,000.00. 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.