Black Diamond Group (BDI) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Black Diamond Group (TSE:BDI) in a research report report published on Wednesday. BMO Capital Markets currently has a C$3.50 target price on the stock.

Several other equities analysts have also commented on the stock. National Bank Financial increased their price target on shares of Black Diamond Group from C$4.30 to C$4.50 and gave the company a sector perform rating in a research note on Wednesday, October 3rd. Royal Bank of Canada increased their price target on shares of Black Diamond Group from C$3.00 to C$4.25 and gave the company a sector perform rating in a research note on Friday, August 10th. Finally, CIBC increased their price target on shares of Black Diamond Group from C$2.75 to C$3.00 in a research note on Tuesday, October 16th.

Shares of Black Diamond Group stock opened at C$2.50 on Wednesday. Black Diamond Group has a 52 week low of C$1.98 and a 52 week high of C$3.96. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 37.53.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.06) by C$0.04. The company had revenue of C$42.73 million during the quarter, compared to analysts’ expectations of C$34.37 million. Research analysts predict that Black Diamond Group will post 0.02 earnings per share for the current year.

About Black Diamond Group

Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through four segments: BOXX Modular, Black Diamond Camps & Lodging, Black Diamond Energy Services, and Black Diamond International. The BOXX Modular segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial institutions, resource industries, and government agencies in North America.

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