Black Diamond Group Ltd (TSE:BDI) Downgraded by Clarus Securities
Black Diamond Group Ltd (TSE:BDI) was downgraded by equities research analysts at Clarus Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. Clarus Securities also issued estimates for Black Diamond Group’s Q3 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.00 EPS.
Several other equities research analysts have also weighed in on the company. Acumen Capital lowered their price objective on Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating on the stock in a research note on Tuesday. CIBC lowered their price objective on Black Diamond Group from C$2.75 to C$1.75 in a research note on Tuesday. National Bank Financial lowered their price objective on Black Diamond Group from C$4.50 to C$3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$6.00 price objective on shares of Black Diamond Group in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$4.07.
Shares of Black Diamond Group (BDI) opened at 1.82 on Tuesday. The company has a 50 day moving average price of $2.56 and a 200 day moving average price of $3.67. The company’s market cap is $99.58 million. Black Diamond Group has a one year low of $1.76 and a one year high of $5.88.
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About Black Diamond Group
Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.
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