Black Diamond PT Raised to $20.00 at Canaccord Genuity (BDE)
Investment analysts at Canaccord Genuity raised their price objective on shares of Black Diamond (NASDAQ:BDE) from $14.00 to $20.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 42.96% from the company’s current price.
Black Diamond (NASDAQ:BDE) traded up 7.78% during mid-day trading on Monday, hitting $13.99. The stock had a trading volume of 659,068 shares. Black Diamond has a one year low of $7.55 and a one year high of $13.21. The stock has a 50-day moving average of $11.43 and a 200-day moving average of $9.91. The company’s market cap is $446.3 million.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Black Diamond in a research note to investors on Tuesday, September 3rd. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Feltl & Co. downgraded shares of Black Diamond from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 6th. They now have a $10.50 price target on the stock, down previously from $11.00. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.50.
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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