Black Diamond Group (TSE:BDI) Price Target Cut to C$10.25

Black Diamond Group (TSE:BDI) had its price target cut by research analysts at Canaccord Genuity Group from C$11.00 to C$10.25 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 25.77% from the stock’s previous close.

BDI has been the subject of a number of other research reports. BMO Capital Markets lowered their price target on Black Diamond Group from C$12.00 to C$11.00 in a report on Tuesday, April 23rd. Acumen Capital lifted their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Monday, March 4th.

Black Diamond Group Price Performance

Shares of BDI stock opened at C$8.15 on Monday. The stock has a 50 day moving average price of C$8.78 and a 200 day moving average price of C$8.48. The firm has a market capitalization of C$490.71 million, a P/E ratio of 16.63 and a beta of 1.61. The company has a debt-to-equity ratio of 72.03, a quick ratio of 1.05 and a current ratio of 1.10. Black Diamond Group has a 52-week low of C$5.35 and a 52-week high of C$9.92.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.03. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. The firm had revenue of C$103.40 million for the quarter, compared to analysts’ expectations of C$89.70 million. As a group, sell-side analysts predict that Black Diamond Group will post 0.4749859 earnings per share for the current year.

Insider Buying and Selling at Black Diamond Group

In other Black Diamond Group news, Senior Officer Patrick Melanson sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total value of C$117,910.00. In other news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$9.05, for a total transaction of C$45,250.00. Also, Senior Officer Patrick Melanson sold 13,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,910.00. Insiders have sold 53,850 shares of company stock worth $479,979 over the last quarter. Insiders own 23.91% of the company’s stock.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.