Analysts Cut Dye & Durham (TSE:DND) Price Targets

Dye & Durham (TSE:DND) has faced multiple downgrades in its price targets from various analysts, with Scotiabank reducing its target from C$25.00 to C$20.00, while CIBC and BMO Capital Markets have also made similar cuts. The consensus among five analysts remains a 'Buy' rating, with an average target price of C$22.50 despite these reductions. Recent insider trading activity includes significant share sales by Plantro Ltd. and purchases by Director Eric Shahinian. The company's revenue growth has been underwhelming, with a modest increase projected for the upcoming year, leading to concerns about its performance compared to industry peers. Following a recent earnings report that showed a smaller-than-expected loss, analysts have noted a mixed outlook for Dye & Durham, with forecasts indicating a reduction in per-share losses. Overall, investor sentiment appears cautious amid concerns over the company's future revenue growth and profitability.