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Black Diamond Group (TSE:BDI) Price Target Raised to C$17.00

Black Diamond Group logo with Industrials background

Key Points

  • Black Diamond Group (TSE: BDI) had its target price raised to C$17.00 by Acumen Capital, suggesting a potential upside of 21.60% from its current price.
  • BMO Capital Markets also increased their price target for the company, now matching Acumen's target at C$17.00, with a consensus average rating of "Buy".
  • Shares of Black Diamond Group traded up 3.5% to C$13.98, with a significant trading volume of 337,292 shares compared to its average.
  • MarketBeat previews top five stocks to own in October.

Black Diamond Group (TSE:BDI - Get Free Report) had its target price upped by equities researchers at Acumen Capital from C$14.50 to C$17.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Acumen Capital's target price would suggest a potential upside of 21.60% from the stock's current price.

Separately, BMO Capital Markets upped their price target on Black Diamond Group from C$15.00 to C$17.00 in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Black Diamond Group has an average rating of "Buy" and a consensus target price of C$17.00.

View Our Latest Stock Report on Black Diamond Group

Black Diamond Group Trading Up 3.5%

Shares of TSE:BDI traded up C$0.47 during trading hours on Tuesday, hitting C$13.98. 337,292 shares of the company's stock traded hands, compared to its average volume of 60,075. The business has a fifty day moving average price of C$11.81 and a 200-day moving average price of C$10.03. The company has a debt-to-equity ratio of 88.46, a current ratio of 1.17 and a quick ratio of 1.05. Black Diamond Group has a 1 year low of C$7.60 and a 1 year high of C$14.40. The firm has a market capitalization of C$921.11 million, a P/E ratio of 27.41 and a beta of 0.75.

About Black Diamond Group

(Get Free Report)

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.

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