National Bank Financial Cuts Black Diamond Group (BDI) Price Target to C$3.50

Black Diamond Group (TSE:BDI) had its price objective cut by National Bank Financial from C$4.50 to C$3.50 in a report released on Wednesday. They currently have a sector perform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted 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 report on Friday, August 10th. CIBC boosted their target price on shares of Black Diamond Group from C$2.75 to C$3.00 in a report on Tuesday, October 16th. BMO Capital Markets restated a hold rating and set a C$3.50 target price on shares of Black Diamond Group in a report on Wednesday, November 7th. Finally, Scotiabank restated a hold rating and set a C$3.25 target price on shares of Black Diamond Group in a report on Friday, November 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of C$3.48.

Shares of BDI opened at C$2.15 on Wednesday. Black Diamond Group has a 1-year low of C$2.00 and a 1-year high of C$3.96. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 37.52.

Black Diamond Group (TSE:BDI) last issued its earnings results on Tuesday, November 6th. The company reported C($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.04) by C($0.05). The company had revenue of C$36.82 million for the quarter, compared to analyst estimates of C$38.55 million. On average, research analysts expect that Black Diamond Group will post -0.00999999908256889 earnings per share for the current year.

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.

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