Black Diamond Price Target Raised to $13.00 at Roth Capital (BDE)
Analysts at Roth Capital upped their price objective on shares of Black Diamond (NASDAQ:BDE) from $10.00 to $13.00 in a research report issued to clients and investors on Monday, American Banking News.com reports. The firm currently has a “neutral” rating on the stock. Roth Capital’s price objective indicates a potential downside of 7.08% from the company’s current price.
A number of other firms have also recently commented on BDE. Analysts at Canaccord Genuity raised their price target on shares of Black Diamond from $14.00 to $20.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Black Diamond from $11.00 to $14.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.50.
Black Diamond (NASDAQ:BDE) traded up 7.78% on Monday, hitting $13.99. The stock had a trading volume of 659,068 shares. Black Diamond has a 52-week low of $7.55 and a 52-week high of $13.21. The stock’s 50-day moving average is $11.43 and its 200-day moving average is $9.91. The company’s market cap is $446.3 million.
Black Diamond, Inc (NASDAQ:BDE), formerly Clarus Corporation, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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