Black Diamond Group (TSE:BDI) Hits New 12-Month High – Should You Buy?

Shares of Black Diamond Group Limited (TSE:BDI) hit a new 52-week high on Tuesday . The company traded as high as C$16.07 and last traded at C$15.86, with a volume of 207812 shares trading hands. The stock had previously closed at C$15.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BDI shares. BMO Capital Markets increased their price objective on Black Diamond Group from C$15.00 to C$17.00 in a research note on Tuesday, September 23rd. Acumen Capital upped their target price on Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Canaccord Genuity Group raised their price target on shares of Black Diamond Group from C$13.50 to C$17.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$17.00.

Black Diamond Group Trading Up 2.6%

The company has a 50 day moving average of C$14.32 and a 200 day moving average of C$12.99. The firm has a market cap of C$1.09 billion, a P/E ratio of 27.79 and a beta of 0.85. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, October 30th. The company reported C$0.18 earnings per share (EPS) for the quarter. Black Diamond Group had a net margin of 6.46% and a return on equity of 8.11%. The firm had revenue of C$105.32 million during the quarter. Analysts predict that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

Insider Buying and Selling

In other Black Diamond Group news, Director Robert Wagemakers sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$14.10, for a total transaction of C$282,000.00. Following the transaction, the director directly owned 543,580 shares in the company, valued at C$7,664,478. This trade represents a 3.55% decrease in their ownership of the stock. 23.83% of the stock is owned by insiders.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.