Black Diamond Group (TSE:BDI) Price Target Raised to C$20.00

Black Diamond Group (TSE:BDI) had its target price upped by Canaccord Genuity Group from C$17.00 to C$20.00 in a report published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

BDI has been the subject of several other reports. BMO Capital Markets raised their price objective on shares of Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Raymond James Financial downgraded Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and lifted their price target for the stock from C$18.00 to C$20.00 in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$19.25.

Black Diamond Group Stock Down 0.8%

Shares of Black Diamond Group stock opened at C$16.71 on Tuesday. Black Diamond Group has a 1-year low of C$7.60 and a 1-year high of C$18.75. The company has a market capitalization of C$1.12 billion, a PE ratio of 28.81 and a beta of 0.96. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.42 and a quick ratio of 1.05. The business has a 50-day moving average of C$16.36 and a 200-day moving average of C$14.55.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.