Raymond James cut shares of Black Diamond Group (TSE:BDI) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday morning. Raymond James currently has C$2.40 price objective on the stock, down from their previous price objective of C$2.45.
BDI has been the subject of several other research reports. Royal Bank of Canada lifted their price objective on Black Diamond Group from C$2.50 to C$3.00 and gave the stock a sector perform rating in a report on Thursday, March 8th. Acumen Capital lifted their price objective on Black Diamond Group from C$2.70 to C$3.40 in a report on Thursday, March 8th. Finally, National Bank Financial lifted their price objective on Black Diamond Group from C$2.30 to C$3.20 and gave the stock a sector perform rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Black Diamond Group currently has an average rating of Hold and an average target price of C$3.07.
Black Diamond Group stock opened at C$2.52 on Tuesday. Black Diamond Group has a 12 month low of C$1.55 and a 12 month high of C$3.89.
Black Diamond Group (TSE:BDI) last posted its earnings results on Tuesday, March 6th. The company reported C($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.10) by C($0.02). Black Diamond Group had a negative return on equity of 4.35% and a negative net margin of 9.09%. The business had revenue of C$41.60 million during the quarter, compared to the consensus estimate of C$37.17 million.
In other news, Director Steve Stein acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was bought at an average price of C$2.53 per share, with a total value of C$25,300.00. Also, insider Edward James Kernaghan acquired 20,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of C$2.48 per share, with a total value of C$49,848.00. Insiders purchased 284,700 shares of company stock valued at $670,839 in the last ninety days.
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Black Diamond Group Company Profile
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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