Dye & Durham Limited (TSE:DND) Given Average Recommendation of “Moderate Buy” by Analysts

Dye & Durham Limited (TSE:DND) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$16.43.

A number of research analysts have weighed in on the stock. Raymond James Financial decreased their target price on shares of Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 16th. Cormark decreased their target price on shares of Dye & Durham from C$17.00 to C$15.00 in a research note on Thursday, September 18th. Canaccord Genuity Group decreased their target price on shares of Dye & Durham from C$16.00 to C$14.50 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Scotiabank lifted their price target on shares of Dye & Durham from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, CIBC lowered shares of Dye & Durham from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$16.00 to C$8.50 in a research report on Friday, October 3rd.

Dye & Durham Trading Up 8.0%

DND opened at C$5.40 on Friday. 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 company’s 50 day simple moving average is C$8.38 and its two-hundred day simple moving average is C$9.21. Dye & Durham has a 1-year low of C$4.20 and a 1-year high of C$22.59. The firm has a market capitalization of C$362.88 million, a price-to-earnings ratio of -2.21 and a beta of 2.26.

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.