RBC Capital Upgrades Black Diamond Group to “Outperform” (BDI)
Black Diamond Group (TSE:BDI) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, AR Network reports. The firm currently has a C$26.00 target price on the stock, up from their previous target price of C$25.50. RBC Capital’s price objective would suggest a potential upside of 5.14% from the stock’s previous close.
Black Diamond Group (TSE:BDI) traded up 0.41% during mid-day trading on Wednesday, hitting $24.73. 61,311 shares of the company’s stock traded hands. Black Diamond Group has a 52 week low of $18.26 and a 52 week high of $25.70. The stock has a 50-day moving average of $24. and a 200-day moving average of $22.38. The company has a market cap of $1.037 billion and a price-to-earnings ratio of 19.86.
BDI has been the subject of a number of other recent research reports. Analysts at Acumen Capital raised their price target on shares of Black Diamond Group (TSE:BDI) from C$27.10 to C$27.60 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at National Bank Financial downgraded shares of Black Diamond Group (TSE:BDI) from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, August 9th. Finally, analysts at Raymond James downgraded shares of Black Diamond Group (TSE:BDI) from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, August 9th.
Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$27.90.
The company also recently declared a sep 13 dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.07 per share.
Black Diamond Group Limited (TSE:BDI) rents modular structures for use as workforce accommodation and temporary workspace.
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