Black Diamond Group (BDI) PT Raised to C$3.00

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Black Diamond Group (TSE:BDI) had its price target increased by equities research analysts at CIBC from C$2.75 to C$3.00 in a note issued to investors on Tuesday, October 16th. CIBC’s price objective would indicate a potential upside of 20.00% from the stock’s previous close.

Several other research analysts have also issued reports on the company. National Bank Financial raised their price target on Black Diamond Group from C$4.30 to C$4.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 3rd. Royal Bank of Canada raised their price target on Black Diamond Group from C$3.00 to C$4.25 and gave the stock a “sector perform” rating in a research report on Friday, August 10th. Cormark raised their price target on Black Diamond Group from C$3.50 to C$5.00 in a research report on Thursday, June 21st. Finally, BMO Capital Markets lifted their target price on Black Diamond Group from C$2.75 to C$4.25 in a report on Friday, August 10th.

Shares of TSE:BDI traded down C$0.15 during midday trading on Tuesday, hitting C$2.50. The company had a trading volume of 25,500 shares, compared to its average volume of 98,153. Black Diamond Group has a 12 month low of C$1.98 and a 12 month high of C$3.96. The company has a debt-to-equity ratio of 37.53, a quick ratio of 0.92 and a current ratio of 1.08.

Black Diamond Group (TSE:BDI) last posted its quarterly 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 company had revenue of C$42.73 million during the quarter, compared to the consensus estimate of C$34.37 million. On average, equities analysts anticipate that Black Diamond Group will post 0.02 EPS for the current fiscal 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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