Black Diamond Group (BDI) Trading Up 1.6%

Black Diamond Group Ltd (TSE:BDI) was up 1.6% during trading on Thursday . The stock traded as high as C$2.55 and last traded at C$2.52. Approximately 103,208 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 157,605 shares. The stock had previously closed at C$2.48.

Several equities research analysts have commented on BDI shares. Royal Bank of Canada lowered their price objective on Black Diamond Group from C$3.50 to C$2.50 and set a “sector perform” rating on the stock in a research report on Friday, November 10th. Raymond James Financial lowered their price objective on Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating on the stock in a research report on Friday, December 8th. Clarus Securities lowered Black Diamond Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. National Bank Financial lowered their price objective on Black Diamond Group from C$2.40 to C$2.30 and set a “sector perform” rating on the stock in a research report on Monday, December 11th. Finally, Scotiabank lowered their price objective on Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating on the stock in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Black Diamond Group presently has a consensus rating of “Hold” and an average price target of C$2.86.

The company has a market capitalization of $145.72, a PE ratio of -2.15 and a beta of 2.17.

In other Black Diamond Group news, insider Edward James Kernaghan bought 15,000 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average price of C$1.86 per share, for a total transaction of C$27,900.00. Insiders have bought a total of 465,900 shares of company stock worth $1,002,429 in the last quarter.

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Black Diamond Group 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.

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