Black Diamond Price Target Cut to $14.00 by Analysts at Oppenheimer (BDE)
Equities research analysts at Oppenheimer dropped their target price on shares of Black Diamond (NASDAQ:BDE) from $16.00 to $14.00 in a research note issued to investors on Wednesday, ARN reports. Oppenheimer’s price objective would indicate a potential upside of 45.99% from the company’s current price.
Black Diamond (NASDAQ:BDE) traded down 6.25% during mid-day trading on Wednesday, hitting $9.60. The stock had a trading volume of 258,882 shares. Black Diamond has a 52-week low of $7.55 and a 52-week high of $15.15. The stock has a 50-day moving average of $12.43 and a 200-day moving average of $12.34. The company’s market cap is $311.2 million.
BDE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Black Diamond from $20.00 to $17.00 in a research note on Wednesday. Analysts at Imperial Capital raised their price target on shares of Black Diamond from $10.00 to $13.00 in a research note on Friday, November 15th. They now have an “in-line” rating on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $18.00.
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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