Black Diamond Group (TSE:BDI) Price Target Raised to C$20.00

Black Diamond Group (TSE:BDI) had its price objective increased by BMO Capital Markets from C$18.00 to C$20.00 in a report published on Friday,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Acumen Capital boosted their target price on Black Diamond Group from C$14.50 to C$17.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Canaccord Genuity Group boosted their price objective on 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Black Diamond Group currently has an average rating of “Buy” and a consensus price target of C$18.00.

Black Diamond Group Price Performance

Shares of Black Diamond Group stock opened at C$16.68 on Friday. The stock has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 28.76 and a beta of 0.85. The firm’s 50-day moving average price is C$14.55 and its two-hundred day moving average price is C$13.32. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46. Black Diamond Group has a 1-year low of C$7.60 and a 1-year high of C$16.80.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, October 30th. The company reported C$0.18 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 for the quarter. On average, equities analysts predict that Black Diamond Group will post 0.5349233 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert Wagemakers sold 20,000 shares of the business’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 completion of the transaction, the director directly owned 543,580 shares in the company, valued at approximately C$7,664,478. The trade was a 3.55% decrease in their position. Insiders own 23.83% of the company’s stock.

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.