Dye & Durham Limited (TSE:DND) Receives Consensus Rating of “Buy” from Analysts

Dye & Durham Limited (TSE:DND) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$24.71.

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

Insiders Place Their Bets

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

Dye & Durham Stock Performance

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

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The firm had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. On average, research analysts anticipate that Dye & Durham will post 0.1121051 earnings per share for the current year.

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.