Shares of Black Diamond Group Ltd (TSE:BDI) were up 1.6% during mid-day trading on Thursday . The company traded as high as C$2.55 and last traded at C$2.52. Approximately 103,208 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 157,605 shares. The stock had previously closed at C$2.48.
A number of analysts have recently issued reports on BDI shares. Royal Bank of Canada lowered their price objective on shares of Black Diamond Group from C$3.50 to C$2.50 and set a “sector perform” rating on the stock in a report on Friday, November 10th. Raymond James Financial lowered their price objective on shares of Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating on the stock in a report on Friday, December 8th. Clarus Securities downgraded shares of Black Diamond Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. National Bank Financial lowered their price objective on shares of Black Diamond Group from C$2.40 to C$2.30 and set a “sector perform” rating on the stock in a report on Monday, December 11th. Finally, Scotiabank lowered their price objective on shares of Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating on the stock in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$2.86.
The company has a market capitalization of $167.33, a price-to-earnings ratio of -2.32 and a beta of 2.17.
In other news, insider Edward James Kernaghan bought 15,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average cost of C$1.86 per share, for a total transaction of C$27,900.00. Over the last 90 days, insiders have purchased 464,500 shares of company stock worth $999,545.
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Black Diamond Group Company Profile
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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