Black Diamond Group Downgraded to “Market Perform” at BMO Capital Markets (BDI)
Shares of Black Diamond Group (TSE:BDI) traded down 4.47% on Wednesday, hitting $28.43. The stock had a trading volume of 350,821 shares. Black Diamond Group has a 52 week low of $23.00 and a 52 week high of $35.99. The stock’s 50-day moving average is $32.2 and its 200-day moving average is $32.67. The company has a market cap of $1.212 billion and a P/E ratio of 24.20.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.08 per share.
A number of other firms have also recently commented on BDI. Analysts at Scotiabank reiterated an “outperform” rating on shares of Black Diamond Group in a research note on Wednesday. They now have a C$41.00 price target on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Black Diamond Group from C$35.00 to C$36.00 in a research note on Wednesday, June 25th. They now have a “sector perform” rating on the stock. Finally, analysts at Acumen Capital raised their price target on shares of Black Diamond Group from C$37.00 to C$38.25 in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$36.75.
Black Diamond Group Limited (TSE:BDI) rents various types of oilfield equipment.
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