The stock of Black Diamond Group Ltd (TSE:BDI) hit a new 52-week low and has $3.29 target or 10.00% below today’s $3.65 share price. The 7 months bearish chart indicates high risk for the $168.84M company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $3.29 price target is reached, the company will be worth $16.88 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 159,739 shares traded hands or 0.88% up from the average. Black Diamond Group Ltd (TSE:BDI) has declined 3.71% since April 7, 2016 and is downtrending. It has underperformed by 9.86% the S&P500.
Black Diamond Group Ltd (TSE:BDI) Ratings Coverage
Out of 6 analysts covering Black Diamond Group Ltd. (TSE:BDI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $20 is the highest target while $4.75 is the lowest. The $10.92 average target is 199.18% above today’s ($3.65) stock price. Black Diamond Group Ltd. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of BDI in a report on Thursday, November 12 to “Outperform” rating. RBC Capital Markets maintained Black Diamond Group Ltd (TSE:BDI) on Friday, August 14 with “Sector Perform” rating. Raymond James maintained Black Diamond Group Ltd (TSE:BDI) on Friday, August 14 with “Outperform” rating. The firm has “Outperform” rating given on Friday, August 14 by Scotia Capital. Raymond James upgraded the shares of BDI in a report on Tuesday, August 25 to “Outperform” rating. IBC upgraded the shares of BDI in a report on Friday, September 11 to “Sector Perform” rating. The rating was downgraded by Scotia Capital on Wednesday, November 9 to “Sector Perform”. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, September 10.
More news for Black Diamond Group Ltd (TSE:BDI) were recently published by: Marketwired.com, which released: “Black Diamond Group Limited Announces Closing of $27.2 Million Bought Deal …” on July 26, 2016. Marketwired.com‘s article titled: “Black Diamond Group Announces the Strategic Acquisition of Vancouver Area …” and published on October 03, 2016 is yet another important article.
Black Diamond Group Limited is a Canada company, which rents and sells modular workforce accommodation and space rental solutions to clients in Canada, the United States and Australia. The company has a market cap of $168.84 million. The Firm offers lodging and other support services related to remote workforce accommodation and space rentals. It currently has negative earnings. It operates through the divisions, including Structures, Logistics, Energy Services and International.
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