Black Diamond Group Ltd (BDI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Black Diamond Group Ltd (TSE:BDI) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$2.86.
BDI has been the topic of several research reports. Clarus Securities raised Black Diamond Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Raymond James Financial cut their price target on Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating for the company in a research note on Friday, December 8th. CIBC cut their price target on Black Diamond Group from C$1.75 to C$1.50 in a research note on Friday, October 20th. National Bank Financial cut their price target on Black Diamond Group from C$3.00 to C$2.40 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. Finally, Scotiabank cut their price target on Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating for the company in a research note on Thursday, November 9th.
In related news, insider Edward James Kernaghan purchased 115,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average cost of C$2.11 per share, for a total transaction of C$242,650.00. Over the last quarter, insiders purchased 471,400 shares of company stock valued at $1,013,704.
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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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