Black Diamond Group Ltd (TSE:BDI) had its price objective reduced by investment analysts at Acumen Capital from C$6.20 to C$5.60 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price would suggest a potential upside of 23.89% from the stock’s current price.

A number of other research analysts have also recently commented on BDI. Scotiabank reiterated an “outperform” rating and set a C$8.50 price target on shares of Black Diamond Group in a research report on Monday, August 15th. Raymond James Financial Inc. reduced their price target on shares of Black Diamond Group from C$15.75 to C$13.75 and set a “strong-buy” rating on the stock in a research report on Thursday, August 25th. Finally, CIBC increased their price target on shares of Black Diamond Group from C$4.50 to C$5.50 in a research report on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Black Diamond Group currently has a consensus rating of “Buy” and a consensus price target of C$8.04.

Analyst Recommendations for Black Diamond Group (TSE:BDI)

Black Diamond Group (TSE:BDI) traded down 0.88% on Thursday, hitting $4.52. 139,354 shares of the company were exchanged. The stock has a 50 day moving average of $4.40 and a 200 day moving average of $4.82. Black Diamond Group has a 52 week low of $3.74 and a 52 week high of $10.08. The company’s market capitalization is $208.44 million.

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Black Diamond Group Company Profile

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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