Black Diamond Group Ltd (BDI) Given New C$4.00 Price Target at CIBC

Black Diamond Group Ltd (TSE:BDI) had its price objective decreased by investment analysts at CIBC from C$4.50 to C$4.00 in a report issued on Friday, May 12th. CIBC’s target price indicates a potential upside of 51.52% from the stock’s current price.

A number of other analysts have also commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$6.00 target price on shares of Black Diamond Group in a research report on Tuesday, March 28th. National Bank Financial raised Black Diamond Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Monday, March 27th. Scotiabank reissued a “sector perform” rating and set a C$4.75 price objective on shares of Black Diamond Group in a report on Wednesday, March 15th. Raymond James Financial, Inc. decreased their price objective on Black Diamond Group from C$6.50 to C$5.50 and set an “outperform” rating for the company in a report on Thursday, March 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$4.25 target price on shares of Black Diamond Group in a report on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Black Diamond Group has a consensus rating of “Hold” and a consensus target price of C$5.12.

Analyst Recommendations for Black Diamond Group (TSE:BDI)

Black Diamond Group (TSE BDI) traded down 1.12% during trading on Friday, reaching $2.64. The company’s stock had a trading volume of 166,654 shares. The firm’s market cap is $144.44 million. Black Diamond Group has a 52 week low of $2.60 and a 52 week high of $5.88. The stock’s 50 day moving average is $3.34 and its 200-day moving average is $4.07.

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In related news, Director Trevor Haynes sold 10,000 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of C$4.08, for a total value of C$40,800.00.

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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