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Black Diamond Group (TSE:BDI) was downgraded by stock analysts at CIBC to an “underperform” rating in a report issued on Friday. They currently have a C$31.50 price target on the stock, down from their previous price target of C$37.00. CIBC’s price target would suggest a potential upside of 12.26% from the stock’s previous close.

Black Diamond Group (TSE:BDI) traded down 0.93% during mid-day trading on Friday, hitting $27.80. 33,318 shares of the company’s stock traded hands. Black Diamond Group has a one year low of $23.00 and a one year high of $35.99. The stock’s 50-day moving average is $31.87 and its 200-day moving average is $32.63. The company has a market cap of $1.185 billion and a price-to-earnings ratio of 22.81.

The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.08 per share.

BDI has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$35.82.

Black Diamond Group Limited (TSE:BDI) rents various types of oilfield equipment.

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