Black Diamond Group’s (BDI) Buy Rating Reaffirmed at Raymond James
Black Diamond Group (TSE:BDI)‘s stock had its “buy” rating reiterated by investment analysts at Raymond James in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They presently have a C$3.00 target price on the stock. Raymond James’ price objective suggests a potential upside of 49.25% from the company’s previous close. Raymond James also issued estimates for Black Diamond Group’s FY2020 earnings at $0.06 EPS.
Several other brokerages have also recently weighed in on BDI. BMO Capital Markets dropped their price target on shares of Black Diamond Group from C$3.50 to C$3.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Cormark dropped their price target on shares of Black Diamond Group from C$4.75 to C$4.25 in a research note on Thursday, March 7th. CIBC dropped their price target on shares of Black Diamond Group from C$2.50 to C$2.25 in a research note on Friday, February 1st. Finally, National Bank Financial dropped their price target on shares of Black Diamond Group from C$3.50 to C$3.00 and set a “sector perform” rating on the stock in a research note on Friday, January 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$3.29.
Shares of Black Diamond Group stock opened at C$2.01 on Monday. The firm has a market cap of $105.52 million and a PE ratio of -9.57. Black Diamond Group has a 1-year low of C$1.65 and a 1-year high of C$3.96. The company has a debt-to-equity ratio of 40.08, a quick ratio of 1.08 and a current ratio of 1.23.
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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