Raymond James Financial Cuts Black Diamond Group (BDI) Price Target to C$2.45
Black Diamond Group (TSE:BDI) had its price objective trimmed by Raymond James Financial from C$2.80 to C$2.45 in a research report released on Friday. The brokerage currently has an outperform rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. CIBC reduced their price objective on shares of Black Diamond Group from C$1.75 to C$1.50 in a research report on Friday, October 20th. Clarus Securities raised shares of Black Diamond Group from a hold rating to a buy rating in a research report on Thursday, October 26th. Scotiabank reduced their price objective on shares of Black Diamond Group from C$2.25 to C$2.00 and set an underperform rating for the company in a research report on Thursday, November 9th. Royal Bank Of Canada reduced their price objective on shares of Black Diamond Group from C$3.50 to C$2.50 and set a sector perform rating for the company in a research report on Friday, November 10th. Finally, National Bank Financial dropped their target price on shares of Black Diamond Group from C$3.00 to C$2.40 and set a sector perform rating on the stock in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of C$2.87.
Shares of Black Diamond Group (TSE:BDI) opened at C$2.22 on Friday. Black Diamond Group has a 52-week low of C$1.55 and a 52-week high of C$5.88.
In related news, insider Edward James Kernaghan bought 15,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of C$2.19 per share, for a total transaction of C$32,850.00. Over the last quarter, insiders acquired 215,100 shares of company stock worth $445,614.
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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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