Analysts Set Black Diamond Group Ltd (BDI) Target Price at $3.69
Black Diamond Group Ltd (TSE:BDI) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$3.69.
BDI has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$6.00 target price on shares of Black Diamond Group in a report on Tuesday, July 4th. CIBC decreased their target price on Black Diamond Group from C$4.00 to C$2.75 in a report on Thursday, July 20th. Acumen Capital decreased their target price on Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating on the stock in a report on Tuesday, August 8th. National Bank Financial decreased their target price on Black Diamond Group from C$4.50 to C$3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, Raymond James Financial, Inc. decreased their price target on Black Diamond Group from C$4.50 to C$2.80 and set an “outperform” rating on the stock in a report on Tuesday, August 15th.
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Shares of Black Diamond Group (TSE:BDI) traded up 3.20% during trading on Friday, hitting $2.26. The stock had a trading volume of 136,455 shares. Black Diamond Group has a 1-year low of $1.55 and a 1-year high of $5.88. The stock’s 50-day moving average price is $1.87 and its 200 day moving average price is $2.94. The firm’s market capitalization is $125.00 million.
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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