Black Diamond Given Consensus Recommendation of “Buy” by Analysts (NYSE:BDE)
Black Diamond (NYSE:BDE) has earned a consensus rating of “Buy” from the ten analysts that are covering the stock, Stock Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.58.
A number of research firms have recently commented on BDE. Analysts at Piper Jaffray downgraded shares of Black Diamond from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $8.00 price target on the stock, down previously from $13.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of Black Diamond from $15.00 to $13.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at Acumen Capital raised their price target on shares of Black Diamond from $37.00 to $38.25 in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock.
Black Diamond (NYSE:BDE) opened at 8.68 on Wednesday. Black Diamond has a 52-week low of $8.39 and a 52-week high of $15.15. The stock has a 50-day moving average of $10.45 and a 200-day moving average of $10.98. The company’s market cap is $282.1 million.
Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, incorporated in 1991, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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