National Bank Financial Lowers Black Diamond Group (BDI) Price Target to C$2.30

Black Diamond Group (TSE:BDI) had its price target cut by equities research analysts at National Bank Financial from C$2.40 to C$2.30 in a report released on Monday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 3.60% from the company’s current price.

Other analysts also recently issued research reports about the stock. CIBC dropped their target price on shares of Black Diamond Group from C$2.75 to C$1.75 in a report on Thursday, August 17th. Acumen Capital dropped their target price on shares of Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating for the company in a report on Thursday, August 17th. Raymond James Financial dropped their price target on shares of Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating for the company in a research note on Friday. Clarus Securities downgraded shares of Black Diamond Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Scotiabank dropped their price target on shares of Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating for the company in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$2.86.

Black Diamond Group (TSE:BDI) traded up C$0.01 during trading on Monday, reaching C$2.22. 102,365 shares of the company traded hands, compared to its average volume of 234,759. Black Diamond Group has a 12-month low of C$1.55 and a 12-month high of C$5.88.

In related news, insider Edward James Kernaghan purchased 115,000 shares of Black Diamond Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of C$2.11 per share, with a total value of C$242,650.00. Over the last three months, insiders purchased 216,500 shares of company stock valued at $448,694.

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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.

Analyst Recommendations for Black Diamond Group (TSE:BDI)

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