Shares of Black Diamond Group Ltd (TSE:BDI) traded down 5.1% during mid-day trading on Wednesday . The stock traded as low as C$2.03 and last traded at C$2.04. 84,802 shares were traded during mid-day trading, a decline of 49% from the average session volume of 166,854 shares. The stock had previously closed at C$2.15.
BDI has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a C$6.00 price objective on shares of Black Diamond Group in a research report on Tuesday, July 4th. CIBC reduced their price target on shares of Black Diamond Group from C$4.00 to C$2.75 in a research report on Thursday, July 20th. National Bank Financial reduced their price target on shares of Black Diamond Group from C$4.50 to C$3.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Acumen Capital reduced their price target on shares of Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Finally, Clarus Securities lowered shares of Black Diamond Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Black Diamond Group has a consensus rating of “Hold” and an average target price of C$3.69.
The company’s market capitalization is $112.83 million. The stock’s 50 day moving average price is $1.96 and its 200 day moving average price is $2.77.
About Black Diamond Group
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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