The Services sector company, Black Diamond (BDI), has received a rating update from a Wall Street analyst today. Analyst Andrew Bradford from Raymond James reiterated a Hold rating, with a C$3 price target.
According to TipRanks.com, Bradford ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -17.6% and a 27.1% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
The word on The Street in general, suggests a Hold analyst consensus rating for Black Diamond with a C$2.94 average price target.
Based on Black Diamond’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$4.75 million. In comparison, last year the company had a GAAP net loss of C$78.84 million.
Black Diamond Group Ltd. engages in renting and selling space rental and modular workforce accommodation. It operates through the following business segments: BOXX Modular; Camps & Lodging; Energy Services; International; and Corporate and Other.
The company’s shares closed on Wednesday at C$1.97, close to its 52-week low of C$1.65.
