Canaccord Genuity Group Increases Black Diamond Group (TSE:BDI) Price Target to C$17.00

Key Points

• Canaccord Genuity Group has raised its price target for Black Diamond Group from C$13.50 to C$17.00, indicating an expected upside of 18.30% from the current price.
• Other analysts, including Acumen Capital and BMO Capital Markets, have also set their targets at C$17.00, with a consensus rating of "Buy" for the stock.
• On the market, Black Diamond Group's shares have seen a recent increase, trading up by 2.0% to C$14.37, with a market capitalization of approximately C$946.81 million.

Black Diamond Group (TSE:BDI - Get Free Report) had its price objective upped by analysts at Canaccord Genuity Group from C$13.50 to C$17.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 18.30% from the stock's current price.

BDI has been the topic of several other research reports. Acumen Capital increased their price target on Black Diamond Group from C$14.50 to C$17.00 and gave the company a "buy" rating in a report on Tuesday. BMO Capital Markets increased their target price on shares of Black Diamond Group from C$15.00 to C$17.00 in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$17.00.

Black Diamond Group Trading Up 2.0%

BDI stock traded up C$0.28 during midday trading on Wednesday, reaching C$14.37. 337,598 shares of the company traded hands, compared to its average volume of 61,600. The firm has a market capitalization of C$946.81 million, a price-to-earnings ratio of 28.18 and a beta of 0.75. Black Diamond Group has a 52-week low of C$7.60 and a 52-week high of C$14.54. The business has a 50 day moving average of C$11.88 and a 200-day moving average of C$10.05. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17.

Black Diamond Group Company Profile

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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