Black Diamond Group (TSE:BDI) Price Target Lowered to C$2.00 at BMO Capital Markets

Black Diamond Group (TSE:BDI) had its price target cut by BMO Capital Markets from C$3.00 to C$2.00 in a report released on Friday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. CIBC boosted their price objective on Black Diamond Group from C$2.25 to C$2.50 in a research note on Monday, May 6th. GMP Securities restated a hold rating and set a C$2.75 target price on shares of Black Diamond Group in a research report on Thursday, May 2nd. Finally, Raymond James restated an outperform rating and set a C$3.00 target price on shares of Black Diamond Group in a research report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of C$2.96.

Shares of TSE BDI opened at C$1.59 on Friday. The stock’s 50 day moving average is C$1.92. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 50.75. 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 market capitalization of $90.35 million and a PE ratio of -7.07.

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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