National Bank Financial Lowers Black Diamond Group Ltd (BDI) Price Target to C$5.25
Black Diamond Group Ltd (TSE:BDI) had its price objective lowered by investment analysts at National Bank Financial from C$6.90 to C$5.25 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 51.73% from the company’s previous close.
BDI has been the topic of a number of other research reports. Raymond James Financial Inc. dropped their target price on Black Diamond Group from C$15.75 to C$13.75 and set a “strong-buy” rating on the stock in a report on Thursday, August 25th. Scotiabank lowered Black Diamond Group from an “outperform” rating to a “sector perform” rating and set a C$7.00 target price on the stock. in a report on Wednesday, November 9th. Acumen Capital dropped their target price on Black Diamond Group from C$6.20 to C$5.60 and set a “buy” rating on the stock in a report on Thursday, October 13th. CIBC raised their target price on Black Diamond Group from C$4.50 to C$4.75 in a report on Thursday, November 3rd. Finally, Clarus Securities downgraded Black Diamond Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Black Diamond Group currently has a consensus rating of “Hold” and an average target price of C$6.91.
Shares of Black Diamond Group (TSE:BDI) opened at 3.46 on Tuesday. The company’s market capitalization is $159.54 million. Black Diamond Group has a 52-week low of $2.97 and a 52-week high of $7.74. The stock’s 50 day moving average price is $4.18 and its 200-day moving average price is $4.78.
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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