CIBC Issues Pessimistic Forecast for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its price target decreased by investment analysts at CIBC from C$30.00 to C$25.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 83.82% from the company’s previous close.

DND has been the subject of several other reports. Canaccord Genuity Group increased their price target on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. Canaccord Genuity Group lowered their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating for the company in a report on Wednesday, December 18th. Finally, BMO Capital Markets increased their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$22.50.

Dye & Durham Trading Down 1.1 %

TSE:DND traded down C$0.15 during mid-day trading on Friday, hitting C$13.60. The company had a trading volume of 237,793 shares, compared to its average volume of 155,497. Dye & Durham has a fifty-two week low of C$10.92 and a fifty-two week high of C$22.59. The business’s fifty day moving average is C$16.89 and its two-hundred day moving average is C$16.18. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The firm has a market cap of C$947.07 million, a P/E ratio of -5.55 and a beta of 2.09.

Insider Buying and Selling

In related news, Director Eric Shahinian purchased 12,300 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was purchased at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00. 25.60% of the stock is owned by corporate 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.