Black Diamond Rating Increased to Outperform at National Bank Financial (BDE)
Black Diamond (NASDAQ:BDE) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Friday, AnalystRatings.NET reports. The firm currently has a $30.50 target price on the stock, up from their previous target price of $26.50. National Bank Financial’s price target would indicate a potential upside of 104.70% from the stock’s previous close.
Shares of Black Diamond (NASDAQ:BDE) opened at 14.90 on Friday. Black Diamond has a 52-week low of $7.55 and a 52-week high of $15.15. The stock’s 50-day moving average is $13.34 and its 200-day moving average is $10.66. The company’s market cap is $475.3 million.
BDE has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Black Diamond from $28.00 to $30.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Black Diamond from $15.00 to $19.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Black Diamond from $15.00 to $18.00 in a research note to investors on Tuesday, October 8th. They now have a “strong-buy” rating on the stock. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.38.
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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