Black Diamond Group Ltd (BDI) Given Average Rating of “Hold” by Analysts

Black Diamond Group Ltd (TSE:BDI) has received a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$3.60.

A number of research firms recently weighed in on BDI. CIBC raised their target price on shares of Black Diamond Group from C$2.75 to C$3.00 in a research report on Tuesday, October 16th. National Bank Financial raised their target price on shares of Black Diamond Group from C$4.30 to C$4.50 and gave the company a “sector perform” rating in a research report on Wednesday, October 3rd. Royal Bank of Canada raised their target price on shares of Black Diamond Group from C$3.00 to C$4.25 and gave the company a “sector perform” rating in a research report on Friday, August 10th. Finally, BMO Capital Markets raised their target price on shares of Black Diamond Group from C$2.75 to C$4.25 in a research report on Friday, August 10th.

BDI traded down C$0.14 during mid-day trading on Monday, hitting C$3.16. The stock had a trading volume of 40,200 shares, compared to its average volume of 98,453. 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 for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.06) by C$0.04. The company had revenue of C$42.73 million for the quarter, compared to analyst estimates of C$34.37 million. Black Diamond Group had a negative net margin of 9.09% and a negative return on equity of 4.35%.

Black Diamond Group Company Profile

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.

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Analyst Recommendations for Black Diamond Group (TSE:BDI)

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