Black Diamond Group Ltd (BDI) Given Average Recommendation of “Hold” by Brokerages

Shares of Black Diamond Group Ltd (TSE:BDI) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$3.25.

A number of equities analysts have recently commented on BDI shares. Raymond James reaffirmed a “market perform” rating and set a C$3.00 price objective on shares of Black Diamond Group in a report on Friday, March 8th. BMO Capital Markets lowered their price objective on shares of Black Diamond Group from C$3.50 to C$3.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. National Bank Financial lowered their price objective on shares of Black Diamond Group from C$3.50 to C$3.00 and set a “sector perform” rating for the company in a research report on Friday, January 25th. CIBC lowered their price objective on shares of Black Diamond Group from C$2.50 to C$2.25 in a research report on Friday, February 1st. Finally, Cormark lowered their price objective on shares of Black Diamond Group from C$4.75 to C$4.25 in a research report on Thursday, March 7th.

Shares of BDI traded down C$0.05 during mid-day trading on Thursday, hitting C$2.30. 18,330 shares of the company’s stock were exchanged, compared to its average volume of 59,330. Black Diamond Group has a twelve month low of C$1.65 and a twelve month high of C$3.96. The firm has a market cap of $133.54 million and a price-to-earnings ratio of -10.95. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 40.08.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.02). The business had revenue of C$45.40 million for the quarter, compared to analysts’ expectations of C$37.25 million. As a group, research analysts predict that Black Diamond Group will post 0.0299999990625 earnings per share for the current fiscal year.

Black Diamond Group Company Profile

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.

Further Reading: Why is momentum important to successful trading?

Analyst Recommendations for Black Diamond Group (TSE:BDI)

Receive News & Ratings for Black Diamond Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Diamond Group and related companies with MarketBeat.com's FREE daily email newsletter.