Black Diamond Group Rating Lowered to Sector Perform at CIBC (BDI)
Black Diamond Group (TSE:BDI) was downgraded by CIBC from a “sector outperform” rating to a “sector perform” rating in a research note issued on Thursday, Analyst Ratings Network reports. They currently have a C$25.50 price objective on the stock, down from their previous price objective of C$27.00. CIBC’s price target suggests a potential downside of 1.92% from the company’s current price.
Shares of Black Diamond Group (TSE:BDI) traded up 3.17% during mid-day trading on Thursday, hitting $26.00. 40,999 shares of the company’s stock traded hands. Black Diamond Group has a one year low of $18.26 and a one year high of $25.70. The stock has a 50-day moving average of $24.05 and a 200-day moving average of $22.3. The company has a market cap of $1.090 billion and a P/E ratio of 20.32.
BDI has been the subject of a number of other recent research reports. Analysts at RBC Capital upgraded shares of Black Diamond Group from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 18th. They now have a C$26.00 price target on the stock, up previously from C$25.50. Separately, analysts at Acumen Capital raised their price target on shares of Black Diamond Group 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. Finally, analysts at National Bank Financial downgraded shares of Black Diamond Group from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$27.42.
Black Diamond Group Limited (TSE:BDI) rents modular structures for use as workforce accommodation and temporary workspace.
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