Raymond James Equities Analysts Lower Earnings Estimates for Black Diamond Group Ltd (TSE:BDI)
Black Diamond Group Ltd (TSE:BDI) – Equities researchers at Raymond James cut their FY2019 earnings per share (EPS) estimates for Black Diamond Group in a report issued on Wednesday, November 6th. Raymond James analyst F. Bastien now forecasts that the company will post earnings per share of ($0.10) for the year, down from their previous forecast of ($0.09). Raymond James currently has a “Strong-Buy” rating and a $2.70 price target on the stock. Raymond James also issued estimates for Black Diamond Group’s FY2020 earnings at ($0.04) EPS.
A number of other brokerages have also commented on BDI. National Bank Financial lowered shares of Black Diamond Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$2.60 to C$2.25 in a research report on Wednesday, November 6th. BMO Capital Markets cut their price objective on shares of Black Diamond Group from C$3.00 to C$2.00 in a research report on Friday, August 9th. Finally, CIBC raised shares of Black Diamond Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$2.81.
About Black Diamond Group
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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