Black Diamond Group Ltd (BDI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Black Diamond Group Ltd (TSE:BDI) have received a consensus rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$5.02.
A number of equities analysts have recently weighed in on the company. CIBC lowered their target price on Black Diamond Group from C$4.50 to C$4.00 in a research note on Friday, May 12th. Raymond James Financial, Inc. lowered their price objective on Black Diamond Group from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a research note on Thursday, March 30th. Royal Bank of Canada restated a “sector perform” rating and set a C$4.25 price objective on shares of Black Diamond Group in a research note on Thursday, March 30th. BMO Capital Markets restated an “outperform” rating and set a C$6.00 price objective on shares of Black Diamond Group in a research note on Tuesday, March 28th. Finally, Scotiabank raised their price objective on Black Diamond Group from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a research note on Tuesday, March 7th.
Black Diamond Group (BDI) traded up 1.12% during mid-day trading on Friday, hitting $2.70. The stock had a trading volume of 29,801 shares. The firm’s market capitalization is $147.72 million. The stock’s 50 day moving average price is $3.37 and its 200 day moving average price is $4.07. Black Diamond Group has a one year low of $2.64 and a one year high of $6.11.
In other Black Diamond Group news, Director Trevor Haynes sold 10,000 shares of the firm’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of C$4.08, for a total transaction of C$40,800.00.
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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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