Black Diamond Group Ltd (TSE:BDI) – Research analysts at Cormark reduced their FY2016 earnings per share (EPS) estimates for Black Diamond Group in a report released on Tuesday. Cormark analyst J. Zhang now forecasts that the brokerage will post earnings per share of ($0.24) for the year, down from their prior estimate of ($0.23). Cormark also issued estimates for Black Diamond Group’s Q4 2016 earnings at ($0.07) EPS, Q1 2017 earnings at ($0.03) EPS and Q2 2017 earnings at ($0.06) EPS.
A number of other brokerages have also issued reports on BDI. Raymond James Financial Inc. lifted their target price on Black Diamond Group from C$6.00 to C$6.50 in a research report on Tuesday, June 14th. Scotiabank reaffirmed a “sector perform” rating and set a C$6.50 price target on shares of Black Diamond Group in a research report on Thursday, July 7th. Finally, CIBC boosted their price target on Black Diamond Group from C$4.50 to C$5.50 in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$8.34.
Black Diamond Group (TSE:BDI) opened at 4.73 on Thursday. The firm’s market capitalization is $218.12 million. The company has a 50 day moving average price of $4.41 and a 200-day moving average price of $4.81. Black Diamond Group has a 52 week low of $3.74 and a 52 week high of $10.22.
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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