Dye & Durham Limited (TSE:DND) Receives C$13.50 Consensus PT from Analysts

Shares of Dye & Durham Limited (TSE:DND) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$13.50.

Several research analysts recently weighed in on DND shares. BMO Capital Markets lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Cormark dropped their price target on Dye & Durham from C$17.00 to C$15.00 in a research note on Thursday, September 18th. Cibc World Mkts downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, CIBC reduced their price objective on Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th.

Dye & Durham Stock Performance

TSE:DND opened at C$4.17 on Wednesday. The company has a market cap of C$280.10 million, a P/E ratio of -1.71 and a beta of 3.09. The firm’s 50 day moving average is C$3.93 and its two-hundred day moving average is C$7.23. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$21.93. The company has a quick ratio of 1.98, a current ratio of 0.32 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.