Black Diamond Group Ltd (TSE:BDI) Receives Average Rating of “Buy” from Analysts
Shares of Black Diamond Group Ltd (TSE:BDI) have earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$2.98.
A number of brokerages have recently commented on BDI. CIBC raised shares of Black Diamond Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 15th. Raymond James raised shares of Black Diamond Group from an “outperform” rating to a “strong-buy” rating and set a C$3.00 target price for the company in a report on Tuesday, August 13th. BMO Capital Markets cut their price target on shares of Black Diamond Group from C$3.00 to C$2.00 in a report on Friday, August 9th. Finally, National Bank Financial cut their price target on shares of Black Diamond Group from C$3.00 to C$2.60 and set an “outperform” rating for the company in a report on Thursday, August 15th.
Shares of TSE:BDI traded down C$0.01 on Tuesday, reaching C$1.60. The company’s stock had a trading volume of 2,700 shares, compared to its average volume of 45,060. The stock’s 50-day moving average is C$1.72 and its two-hundred day moving average is C$1.93. Black Diamond Group has a 52-week low of C$1.51 and a 52-week high of C$3.58. The company has a debt-to-equity ratio of 54.17, a current ratio of 1.12 and a quick ratio of 1.00. The stock has a market capitalization of $88.69 million and a P/E ratio of -6.58.
Black Diamond Group Company Profile
Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial, and resource industries, as well as government agencies in North America.
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