Black Diamond Group (TSE:BDI) Price Target Cut to C$11.00

Black Diamond Group (TSE:BDI) had its price target reduced by investment analysts at BMO Capital Markets from C$12.00 to C$11.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 22.22% from the company’s current price.

Other research analysts have also issued research reports about the company. Acumen Capital upped their price objective on Black Diamond Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Monday, March 4th. Canaccord Genuity Group upped their price target on shares of Black Diamond Group from C$9.50 to C$11.00 and gave the stock a “buy” rating in a research note on Monday, March 4th.

Black Diamond Group Trading Down 0.8 %

Shares of Black Diamond Group stock opened at C$9.00 on Tuesday. The firm has a market cap of C$541.89 million, a price-to-earnings ratio of 18.37 and a beta of 1.73. Black Diamond Group has a 52-week low of C$5.35 and a 52-week high of C$9.92. The company’s 50-day simple moving average is C$8.96 and its 200-day simple moving average is C$8.34. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 72.03.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. The company had revenue of C$103.40 million for the quarter, compared to analyst estimates of C$89.70 million. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. As a group, equities research analysts anticipate that Black Diamond Group will post 0.4599247 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Patrick Melanson sold 10,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total value of C$90,000.00. In related news, Senior Officer Patrick Melanson sold 10,000 shares of Black Diamond Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$9.00, for a total transaction of C$90,000.00. Also, Director Steve Stein sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total value of C$44,200.00. Insiders sold a total of 53,850 shares of company stock worth $479,979 over the last 90 days. 24.18% of the stock is currently owned by corporate insiders.

Black Diamond Group Company Profile

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.