Black Diamond Group Ltd (BDI) Forecasted to Earn FY2016 Earnings of ($0.47) Per Share
Black Diamond Group Ltd (TSE:BDI) – National Bank Financial lowered their FY2016 EPS estimates for Black Diamond Group in a research report issued on Wednesday. National Bank Financial analyst G. Colman now anticipates that the firm will earn ($0.47) per share for the year, down from their previous forecast of ($0.27). National Bank Financial also issued estimates for Black Diamond Group’s Q4 2016 earnings at ($0.13) EPS and FY2017 earnings at $0.20 EPS.
A number of other research analysts have also recently issued reports on BDI. CIBC cut shares of Black Diamond Group from a “sector perform” rating to an “underperform” rating and decreased their price objective for the company from C$6.00 to C$4.50 in a research note on Monday, August 15th. Scotiabank reaffirmed an “outperform” rating and set a C$8.50 target price on shares of Black Diamond Group in a research note on Monday, August 15th. Raymond James Financial Inc. decreased their target price on shares of Black Diamond Group from C$15.75 to C$13.75 and set a “strong-buy” rating on the stock in a research note on Thursday, August 25th. Acumen Capital decreased their target price on shares of Black Diamond Group from C$6.20 to C$5.60 and set a “buy” rating on the stock in a research note on Thursday, October 13th. Finally, Clarus Securities cut shares of Black Diamond Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Black Diamond Group presently has a consensus rating of “Hold” and an average target price of C$7.01.
Shares of Black Diamond Group (TSE:BDI) opened at 3.14 on Monday. Black Diamond Group has a 52-week low of $2.99 and a 52-week high of $7.74. The company has a 50 day moving average of $4.39 and a 200-day moving average of $4.85. The company’s market cap is $144.80 million.
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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