Black Diamond PT Lowered to $17.00 (BDE)
Investment analysts at Canaccord Genuity decreased their price objective on shares of Black Diamond (NASDAQ:BDE) from $20.00 to $17.00 in a note issued to investors on Wednesday, Stock Ratings News reports. Canaccord Genuity’s target price would suggest a potential upside of 77.27% from the stock’s previous close.
Separately, 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Black Diamond presently has a consensus rating of “Buy” and an average target price of $18.00.
Shares of Black Diamond (NASDAQ:BDE) traded down 6.25% on Wednesday, hitting $9.60. 258,882 shares of the company’s stock traded hands. 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.