Black Diamond Group Ltd (TSE:BDI) Receives Consensus Recommendation of “Buy” from Brokerages

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Black Diamond Group Ltd (TSE:BDI) has received an average recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$2.98.

Several equities analysts have weighed in on BDI shares. BMO Capital Markets dropped their target price on shares of Black Diamond Group from C$3.00 to C$2.00 in a report on Friday, August 9th. CIBC upgraded shares of Black Diamond Group from an “underperform” rating to a “neutral” rating in a report on Tuesday. National Bank Financial dropped their target price on shares of Black Diamond Group from C$3.00 to C$2.60 and set an “outperform” rating for the company in a report on Thursday, August 15th. Finally, Raymond James upgraded shares of Black Diamond Group from an “outperform” rating to a “strong-buy” rating and set a C$3.00 target price for the company in a report on Tuesday, August 13th.

Shares of BDI traded up C$0.01 during trading hours on Tuesday, reaching C$1.62. The company had a trading volume of 10,676 shares, compared to its average volume of 45,604. The firm has a 50 day simple moving average of C$1.73 and a 200-day simple moving average of C$1.94. The company has a current ratio of 1.12, a quick ratio of 1.00 and a debt-to-equity ratio of 54.17. The company has a market capitalization of $88.69 million and a price-to-earnings ratio of -6.67. Black Diamond Group has a 12-month low of C$1.51 and a 12-month high of C$3.78.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.03). The firm had revenue of C$47.30 million for the quarter, compared to analyst estimates of C$47.87 million. Sell-side analysts forecast that Black Diamond Group will post 0.02 earnings per share for the current 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.

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Analyst Recommendations for Black Diamond Group (TSE:BDI)

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