Black Diamond Given Average Recommendation of “Buy” by Analysts (NASDAQ:BDE)
Black Diamond (NASDAQ:BDE) has earned an average recommendation of “Buy” from the eleven analysts that are presently covering the company, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.56.
Shares of Black Diamond (NASDAQ:BDE) traded up 0.49% on Friday, hitting $10.20. 49,246 shares of the company’s stock traded hands. Black Diamond has a 1-year low of $7.80 and a 1-year high of $15.15. The stock’s 50-day moving average is $11.87 and its 200-day moving average is $12.31. The company’s market cap is $330.7 million.
A number of analysts have recently weighed in on BDE shares. Analysts at Stifel Nicolaus cut their price target on shares of Black Diamond from $19.00 to $15.00 in a research note on Thursday, February 13th. Separately, analysts at Needham & Company downgraded shares of Black Diamond from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. They now have a $15.00 price target on the stock, down previously from $18.00. Finally, analysts at Oppenheimer cut their price target on shares of Black Diamond from $16.00 to $14.00 in a research note on Wednesday, February 12th.
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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