Black Diamond Group Ltd (TSE:BDI) PT Lowered to C$2.75
Black Diamond Group Ltd (TSE:BDI) had its target price cut by stock analysts at CIBC from C$4.00 to C$2.75 in a research note issued on Thursday. CIBC’s price target would indicate a potential upside of 7.84% from the company’s previous close.
A number of other brokerages also recently issued reports on BDI. BMO Capital Markets reiterated 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. National Bank Financial upgraded Black Diamond Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Monday, March 27th. Royal Bank Of Canada reiterated 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. Finally, Raymond James Financial, Inc. cut their price objective on Black Diamond Group from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Black Diamond Group currently has an average rating of “Hold” and a consensus target price of C$4.94.
Shares of Black Diamond Group (TSE:BDI) traded down 3.41% during trading on Thursday, reaching $2.55. 74,601 shares of the company’s stock were exchanged. The firm’s market cap is $139.52 million. Black Diamond Group has a 12 month low of $2.27 and a 12 month high of $5.88. The stock has a 50-day moving average price of $2.71 and a 200 day moving average price of $3.83.
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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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