Black Diamond Group (TSE:BDI) had its price target increased by BMO Capital Markets from C$2.75 to C$4.25 in a research report issued to clients and investors on Friday. BMO Capital Markets’ target price would suggest a potential upside of 13.64% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada raised their price target on Black Diamond Group from C$3.00 to C$4.25 and gave the company a “sector perform” rating in a research report on Friday. National Bank Financial raised their price target on Black Diamond Group from C$4.20 to C$4.30 and gave the company a “sector perform” rating in a research report on Thursday. CIBC raised their price target on Black Diamond Group from C$1.50 to C$2.75 in a research report on Friday, July 20th. Cormark raised their price target on Black Diamond Group from C$3.50 to C$5.00 in a research report on Thursday, June 21st. Finally, Raymond James upgraded Black Diamond Group from a “market perform” rating to an “outperform” rating and set a C$2.40 price target on the stock in a research report on Monday, May 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$3.54.
Black Diamond Group opened at C$3.74 on Friday, according to Marketbeat. Black Diamond Group has a twelve month low of C$1.55 and a twelve month high of C$3.96.
Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through four segments: BOXX Modular, Black Diamond Camps & Lodging, Black Diamond Energy Services, and Black Diamond International. The BOXX Modular segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial institutions, resource industries, and government agencies in North America.
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