Black Diamond Group Ltd (BDI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Black Diamond Group Ltd (TSE:BDI) have earned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$3.69.
Several research firms have weighed in on BDI. CIBC lowered their price target on shares of Black Diamond Group from C$2.75 to C$1.75 in a research note on Tuesday, August 8th. Acumen Capital lowered their price objective on shares of Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Clarus Securities downgraded shares of Black Diamond Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Raymond James Financial, Inc. decreased their price target on shares of Black Diamond Group from C$4.50 to C$2.80 and set an “outperform” rating for the company in a research note on Tuesday, August 15th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$6.00 price target on shares of Black Diamond Group in a research note on Tuesday, July 4th.
Black Diamond Group (BDI) opened at 1.77 on Wednesday. The company’s 50 day moving average price is $2.22 and its 200 day moving average price is $3.30. The company’s market cap is $97.90 million. Black Diamond Group has a 52-week low of $1.55 and a 52-week high of $5.88.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.025 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 16.95%.
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About Black Diamond Group
Black Diamond Group Limited rents and sells portable workforce accommodation and space rental solutions. The Camps & Lodging segment provides workforce accommodation solutions ranging from basic accommodation unit rental to turnkey lodging. This segments lodging services include camps with on-site management of catering and housekeeping personnel and front desk services, as well as fresh water and waste water management, electricity, television, telephone, Internet, and consumables, such as fuel.
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