Raymond James Increases Black Diamond Group Price Target to C$30.00 (BDI)
Equities researchers at Raymond James hoisted their price objective on shares of Black Diamond Group (TSE:BDI) from C$28.00 to C$30.00 in a research report issued on Thursday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 10.91% from the stock’s previous close.
A number of other firms have also recently commented on BDI. Analysts at CIBC downgraded shares of Black Diamond Group from a “sector outperform” rating to a “sector perform” rating in a research note to investors on Thursday, October 17th. They now have a C$25.50 price target on the stock, down previously from C$27.00. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$28.37.
Shares of Black Diamond Group (TSE:BDI) traded down 0.95% on Thursday, hitting $27.05. 75,755 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 $24.32. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $21.51. The company has a market cap of $1.134 billion and a P/E ratio of 22.02.
The company also recently declared a oct 13 dividend, which is scheduled for Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 29th.
Black Diamond Group Limited (TSE:BDI) rents modular structures for use as workforce accommodation and temporary workspace.
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