Black Diamond Group (BDI) Earns “Hold” Rating from BMO Capital Markets

Share on StockTwits

Black Diamond Group (TSE:BDI)‘s stock had its “hold” rating reissued by stock analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They presently have a C$3.50 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 21.95% from the company’s previous close.

Other analysts have also recently issued reports about the stock. CIBC increased their target price on shares of Black Diamond Group from C$1.50 to C$2.75 in a research note on Friday, July 20th. National Bank Financial increased their target price on shares of Black Diamond Group from C$4.30 to C$4.50 and gave the stock a “sector perform” rating in a research note on Wednesday, October 3rd. Finally, Royal Bank of Canada increased their target price on shares of Black Diamond Group from C$3.00 to C$4.25 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$3.51.

Shares of BDI stock traded down C$0.25 during trading on Wednesday, reaching C$2.87. 114,177 shares of the company’s stock traded hands, compared to its average volume of 97,725. Black Diamond Group has a 1 year low of C$1.98 and a 1 year high of C$3.96.

Black Diamond Group (TSE:BDI) last posted its earnings results on Wednesday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.06) by C$0.04. The firm had revenue of C$42.73 million during the quarter, compared to analysts’ expectations of C$34.37 million.

About Black Diamond Group

Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through four segments: BOXX Modular, Black Diamond Camps & Lodging, Black Diamond Energy Services, and Black Diamond International. The BOXX Modular segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial institutions, resource industries, and government agencies in North America.

Read More: Ex-Dividend

Analyst Recommendations for Black Diamond Group (TSE:BDI)

Receive News & Ratings for Black Diamond Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Diamond Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply