Black Diamond Group Ltd (BDI) Rating Lowered to Sector Perform at Scotiabank
Black Diamond Group Ltd (TSE:BDI) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday. They presently have a C$7.00 target price on the stock. Scotiabank’s price target indicates a potential upside of 79.95% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. CIBC raised their price target on shares of Black Diamond Group from C$4.50 to C$4.75 in a report on Thursday, November 3rd. Acumen Capital decreased their price target on shares of Black Diamond Group from C$6.20 to C$5.60 and set a “buy” rating for the company in a report on Thursday, October 13th. Finally, Raymond James Financial Inc. decreased their price target on shares of Black Diamond Group from C$15.75 to C$13.75 and set a “strong-buy” rating for the company in a report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Black Diamond Group presently has a consensus rating of “Hold” and a consensus price target of C$7.01.
Black Diamond Group (TSE:BDI) opened at 3.89 on Wednesday. Black Diamond Group has a 12-month low of $3.74 and a 12-month high of $7.74. The company’s market cap is $179.39 million. The firm’s 50 day moving average is $4.47 and its 200 day moving average is $4.86.
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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