Black Diamond Group Ltd (BDI) Given Consensus Rating of “Hold” by Brokerages
Shares of Black Diamond Group Ltd (TSE:BDI) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$3.69.
BDI has been the subject of several recent analyst reports. CIBC reduced their target price on Black Diamond Group from C$2.75 to C$1.75 in a research report on Tuesday, August 8th. Acumen Capital reduced their target price on Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating for the company in a research report on Thursday, August 17th. Clarus Securities cut Black Diamond Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Raymond James Financial, Inc. reduced their target price on Black Diamond Group from C$4.50 to C$2.80 and set an “outperform” rating for the company in a research report on Tuesday, August 15th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$6.00 target price on shares of Black Diamond Group in a research report on Tuesday, July 4th.
Shares of Black Diamond Group (TSE:BDI) opened at 2.00 on Friday. The company’s 50 day moving average price is $1.87 and its 200 day moving average price is $2.94. Black Diamond Group has a 12 month low of $1.55 and a 12 month high of $5.88. The company’s market capitalization is $110.62 million.
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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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