National Bank Financial Equities Analysts Lower Earnings Estimates for Black Diamond Group Limited (BDI)

Black Diamond Group Limited (TSE:BDI) – Analysts at National Bank Financial dropped their FY2017 EPS estimates for shares of Black Diamond Group Limited in a report released on Wednesday. National Bank Financial analyst G. Colman now expects that the company will post earnings per share of ($0.48) for the year, down from their prior estimate of ($0.46). National Bank Financial currently has a “Sector Perform” rating and a $2.40 target price on the stock. National Bank Financial also issued estimates for Black Diamond Group Limited’s Q4 2017 earnings at ($0.11) EPS and FY2018 earnings at ($0.29) EPS.

A number of other equities analysts also recently issued reports on the company. CIBC reduced their price target on Black Diamond Group Limited from C$4.00 to C$2.75 in a research report on Thursday, July 20th. Clarus Securities raised Black Diamond Group Limited from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Acumen Capital reduced their price target on Black Diamond Group Limited from C$4.50 to C$3.25 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Raymond James Financial, Inc. dropped their price objective on shares of Black Diamond Group Limited from C$4.50 to C$2.80 and set an “outperform” rating on the stock in a report on Tuesday, August 15th. Finally, Royal Bank Of Canada dropped their price objective on shares of Black Diamond Group Limited from C$3.50 to C$2.50 and set a “sector perform” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Black Diamond Group Limited has an average rating of “Hold” and a consensus target price of C$2.92.

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Black Diamond Group Limited (TSE:BDI) opened at C$2.13 on Monday. Black Diamond Group Limited has a 12-month low of C$1.55 and a 12-month high of C$5.88.

In related news, insider Edward James Kernaghan acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average cost of C$1.86 per share, with a total value of C$27,900.00. Insiders have bought 83,700 shares of company stock worth $158,718 over the last three months.

Black Diamond Group Limited Company Profile

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.

Earnings History and Estimates for Black Diamond Group Limited (TSE:BDI)

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