National Bank Financial cut shares of Black Diamond Group Ltd (TSE:BDI) from an outperform rating to a sector perform rating in a report released on Thursday, August 17th, StockTargetPrices.com reports. National Bank Financial currently has C$3.00 target price on the stock, down from their previous target price of C$4.50.
A number of other analysts have also recently commented on BDI. CIBC dropped their price target on shares of Black Diamond Group from C$2.75 to C$1.75 in a research note on Thursday, August 17th. Acumen Capital lowered their target price on shares of Black Diamond Group from C$4.50 to C$3.25 and set a buy rating on the stock in a research note on Thursday, August 17th. Clarus Securities cut shares of Black Diamond Group from a buy rating to a hold rating in a research report on Tuesday, August 8th. Raymond James Financial, Inc. lowered their price objective on shares of Black Diamond Group from C$4.50 to C$2.80 and set an outperform rating on the stock in a research report on Tuesday, August 15th. Finally, BMO Capital Markets restated an outperform rating and set a C$6.00 price objective on shares of Black Diamond Group in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Black Diamond Group presently has a consensus rating of Hold and an average target price of C$3.69.
Black Diamond Group (TSE:BDI) traded down 0.53% during mid-day trading on Thursday, hitting $1.87. The stock had a trading volume of 59,227 shares. The stock has a 50 day moving average of $2.11 and a 200-day moving average of $3.15. The firm’s market cap is $103.43 million. Black Diamond Group has a 1-year low of $1.55 and a 1-year high of $5.88.
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The company also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.30 annualized dividend and a yield of 16.04%.
About Black Diamond Group
Black Diamond Group Limited rents and sells portable workforce accommodation and space rental solutions. The Camps & Lodging segment provides workforce accommodation solutions ranging from basic accommodation unit rental to turnkey lodging. This segments lodging services include camps with on-site management of catering and housekeeping personnel and front desk services, as well as fresh water and waste water management, electricity, television, telephone, Internet, and consumables, such as fuel.
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