Dye & Durham Limited (TSE:DND) Given Consensus Rating of “Buy” by Brokerages

Dye & Durham Limited (TSE:DND) has received an average rating of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$24.71.

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group increased their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Canaccord Genuity Group cut their price objective on shares of Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, CIBC upped their target price on shares of Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th.

Dye & Durham Trading Up 1.2 %

Shares of TSE:DND opened at C$14.48 on Thursday. Dye & Durham has a 52 week low of C$10.92 and a 52 week high of C$22.59. The company’s 50 day moving average is C$17.62 and its two-hundred day moving average is C$16.13. The company has a market cap of C$968.86 million, a PE ratio of -4.94 and a beta of 2.09. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18.

Dye & Durham (TSE:DND) last posted its earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The business had revenue of C$119.93 million during the quarter, compared to analysts’ expectations of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. Equities analysts predict that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Insider Buying and Selling at Dye & Durham

In other Dye & Durham news, Director Eric Shahinian bought 12,300 shares of Dye & Durham stock in a transaction dated Tuesday, December 31st. The stock was acquired at an average cost of C$17.35 per share, with a total value of C$213,433.29. Also, insider Plantro Ltd. sold 1,778,900 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total value of C$26,967,768.22. 25.60% of the stock is owned by company insiders.

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.