Black Diamond Group Ltd (BDI) Receives Average Recommendation of “Buy” from Brokerages
Black Diamond Group Ltd (TSE:BDI) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the firm. Two analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$7.19.
Several equities analysts have issued reports on the stock. Raymond James Financial Inc. dropped their price objective 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 note on Thursday, August 25th. CIBC cut shares of Black Diamond Group from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from C$6.00 to C$4.50 in a research note on Monday, August 15th. Scotiabank reissued a “sector perform” rating and issued a C$6.50 price objective on shares of Black Diamond Group in a research note on Thursday, July 7th. Finally, Acumen Capital dropped their price objective on shares of Black Diamond Group from C$6.20 to C$5.60 and set a “buy” rating on the stock in a research note on Thursday, October 13th.
Shares of Black Diamond Group (TSE:BDI) traded up 3.20% during midday trading on Tuesday, hitting $4.52. 104,067 shares of the stock were exchanged. The firm has a 50-day moving average price of $4.39 and a 200 day moving average price of $4.83. Black Diamond Group has a 12-month low of $3.74 and a 12-month high of $10.08. The firm’s market cap is $208.44 million.
About Black Diamond Group
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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