Raymond James upgraded shares of Black Diamond Group (TSE:BDI) from an outperform rating to a strong-buy rating in a report published on Tuesday, BayStreet.CA reports. Raymond James currently has C$3.00 price target on the stock. Raymond James also issued estimates for Black Diamond Group’s FY2019 earnings at ($0.09) EPS and FY2020 earnings at $0.05 EPS.
A number of other equities research analysts have also weighed in on the stock. GMP Securities restated a hold rating and issued a C$2.75 price objective on shares of Black Diamond Group in a report on Thursday, May 2nd. BMO Capital Markets reduced their price objective on shares of Black Diamond Group from C$3.00 to C$2.00 in a report on Friday, August 9th. CIBC raised their price objective on shares of Black Diamond Group from C$2.25 to C$2.50 in a report on Monday, May 6th. Finally, National Bank Financial upgraded shares of Black Diamond Group from a sector perform rating to an outperform rating and set a C$3.00 price objective on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$2.91.
Shares of BDI stock opened at C$1.65 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.12 and a debt-to-equity ratio of 54.17. Black Diamond Group has a 52 week low of C$1.51 and a 52 week high of C$3.96. The stock has a market capitalization of $90.35 million and a PE ratio of -6.47. The firm has a 50 day moving average of C$1.90 and a two-hundred day moving average of C$2.01.
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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