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

Dye & Durham Limited (TSE:DND) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$13.50.

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

Dye & Durham Stock Performance

Shares of Dye & Durham stock opened at C$4.17 on Wednesday. Dye & Durham has a 1 year low of C$2.63 and a 1 year high of C$21.93. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The business has a 50 day moving average price of C$3.88 and a 200 day moving average price of C$7.12. The company has a market capitalization of C$280.10 million, a P/E ratio of -1.71 and a beta of 3.09.

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.