Black Diamond Group (TSE:BDI) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Friday, BayStreet.CA reports. The firm currently has a C$3.00 price objective on the stock. National Bank Financial’s price target would suggest a potential upside of 93.55% from the company’s previous close.
BDI has been the topic of a number of other research reports. GMP Securities reaffirmed a “hold” rating and issued a C$2.75 target price on shares of Black Diamond Group in a research report on Thursday, May 2nd. CIBC upped their target price on shares of Black Diamond Group from C$2.25 to C$2.50 in a research report on Monday, May 6th. BMO Capital Markets decreased their target price on shares of Black Diamond Group from C$3.00 to C$2.00 in a research report on Friday. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$3.00 target price on shares of Black Diamond Group in a research report on Monday, May 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Black Diamond Group currently has an average rating of “Hold” and an average target price of C$3.13.
TSE BDI traded down C$0.15 during trading hours on Friday, reaching C$1.55. The company had a trading volume of 102,556 shares, compared to its average volume of 49,462. The firm has a 50-day moving average price of C$1.96. Black Diamond Group has a 1-year low of C$1.51 and a 1-year high of C$3.96. The company has a debt-to-equity ratio of 50.75, a current ratio of 1.02 and a quick ratio of 0.92. The company has a market capitalization of $94.23 million and a PE ratio of -6.89.
Black Diamond Group Company Profile
Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial, and resource industries, as well as government agencies in North America.
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