Canaccord Genuity Group Increases Black Diamond Group (TSE:BDI) Price Target to C$20.00

Black Diamond Group (TSE:BDI) had its target price boosted by stock analysts at Canaccord Genuity Group from C$17.00 to C$20.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 18.69% from the company’s previous close.

A number of other research analysts also recently weighed in on BDI. BMO Capital Markets upped their price target on Black Diamond Group from C$18.00 to C$20.00 in a research note on Friday, January 16th. Raymond James Financial cut shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and boosted their price target for the stock from C$18.00 to C$20.00 in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Black Diamond Group presently has a consensus rating of “Buy” and an average target price of C$19.25.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$16.85 on Tuesday. The company has a debt-to-equity ratio of 101.87, a quick ratio of 1.05 and a current ratio of 1.42. Black Diamond Group has a 52-week low of C$7.60 and a 52-week high of C$18.75. The stock’s 50 day moving average price is C$16.32 and its two-hundred day moving average price is C$14.54. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 29.05 and a beta of 0.96.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.