Royal Bank of Canada Lowers Black Diamond Group Limited (BDI) Price Target to C$2.50

Black Diamond Group Limited (TSE:BDI) had its price target lowered by equities researchers at Royal Bank of Canada from C$3.50 to C$2.50 in a report released on Friday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 17.37% from the stock’s current price.

BDI has been the topic of several other research reports. CIBC cut their target price on Black Diamond Group Limited from C$4.00 to C$2.75 in a research note on Thursday, July 20th. Raymond James Financial, Inc. cut their target price on Black Diamond Group Limited from C$4.50 to C$2.80 and set an “outperform” rating on the stock in a research note on Tuesday, August 15th. National Bank Financial cut their target price on Black Diamond Group Limited from C$4.50 to C$3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Clarus Securities upgraded Black Diamond Group Limited from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Scotiabank cut their target price on Black Diamond Group Limited from C$2.25 to C$2.00 and set an “underperform” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$2.92.

Black Diamond Group Limited (TSE BDI) opened at C$2.13 on Friday. Black Diamond Group Limited has a 52 week low of C$1.55 and a 52 week high of C$5.88.

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In other Black Diamond Group Limited news, insider Edward James Kernaghan purchased 15,000 shares of the stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of C$1.86 per share, with a total value of C$27,900.00. In the last three months, insiders acquired 83,700 shares of company stock valued at $158,718.

About Black Diamond Group Limited

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

Analyst Recommendations for Black Diamond Group Limited (TSE:BDI)

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