Black Diamond Group Given Average Recommendation of “Buy” by Analysts (TSE:BDI)
Shares of Black Diamond Group (TSE:BDI) have received an average recommendation of “Buy” from the eight brokerages that are covering the stock, American Banking News.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$35.82.
BDI has been the subject of a number of recent research reports. Analysts at CIBC downgraded shares of Black Diamond Group to an “underperform” rating in a research note on Friday. They now have a C$31.50 price target on the stock, down previously from C$37.00. Separately, analysts at BMO Capital Markets downgraded shares of Black Diamond Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, 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.
Shares of Black Diamond Group (TSE:BDI) opened at 27.99 on Friday. Black Diamond Group has a one year low of $23.00 and a one year high of $35.99. The stock has a 50-day moving average of $31.87 and a 200-day moving average of $32.63. The company has a market cap of $1.193 billion and a P/E ratio of 22.81.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.08 per share.
Black Diamond Group Limited (TSE:BDI) rents various types of oilfield equipment.
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