Is Black Diamond Group Ltd a Sell? The Stock Declines Again

 Is Black Diamond Group Ltd a Sell? The Stock Declines Again

The stock of Black Diamond Group Ltd (TSE:BDI) is a huge mover today! About 45,764 shares traded hands. Black Diamond Group Ltd (TSE:BDI) has declined 20.23% since April 19, 2016 and is downtrending. It has underperformed by 25.56% the S&P500.
The move comes after 8 months negative chart setup for the $165.82M company. It was reported on Nov, 23 by Barchart.com. We have $3.23 PT which if reached, will make TSE:BDI worth $8.29M less.

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 $9.94 average target is 192.35% above today’s ($3.4) stock price. Black Diamond Group Ltd. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Raymond James upgraded Black Diamond Group Ltd (TSE:BDI) on Tuesday, August 25 to “Outperform” rating. The stock of Black Diamond Group Ltd (TSE:BDI) earned “Sector Perform” rating by Scotia Capital on Wednesday, November 9. The stock of Black Diamond Group Ltd (TSE:BDI) earned “Sector Perform” rating by IBC on Friday, September 11. The firm earned “Outperform” rating on Thursday, November 12 by Raymond James. The firm has “Sector Perform” rating given on Friday, August 14 by RBC Capital Markets. The firm has “Outperform” rating by Scotia Capital given on Friday, August 14. Raymond James maintained the stock with “Outperform” rating in Friday, August 14 report. The rating was upgraded by BMO Capital Markets to “Outperform” 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 November Dividend and Provides Guidance …” on November 21, 2016. Marketwired.com‘s article titled: “Black Diamond Group Limited Announces Closing of $27.2 Million Bought Deal …” and published on July 26, 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 $165.82 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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