Todays Report: The Black Diamond Group Ltd (BDI) Price Target Cut to C$5.60 by Analysts at Acumen Capital

The Black Diamond Group Ltd (BDI) Price Target Cut to C$5.60 by Analysts at Acumen Capital

Black Diamond Group Ltd (TSE:BDI) had its price target cut by Acumen Capital from C$6.20 to C$5.60 in a research report report published on Thursday. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on BDI. CIBC lowered Black Diamond Group from a sector perform rating to an underperform rating and cut their price objective for the stock from C$6.00 to C$4.50 in a research note on Monday, August 15th. Raymond James Financial Inc. decreased their price objective on Black Diamond Group from C$15.75 to C$13.75 and set a strong-buy rating on the stock in a report on Thursday, August 25th. Finally, Scotiabank restated a sector perform rating and set a C$6.50 price target on shares of Black Diamond Group in a research note on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$8.04.

Black Diamond Group (TSE:BDI) remained flat at $4.52 during mid-day trading on Thursday. The company had a trading volume of 15,485 shares. The company’s 50-day moving average is $4.40 and its 200-day moving average is $4.82. The stock’s market cap is $208.44 million. Black Diamond Group has a 52-week low of $3.74 and a 52-week high of $10.08.

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