Black Diamond Group (TSE:BDI) PT Raised to C$10.00

Black Diamond Group (TSE:BDI – Get Rating) had its price target upped by equities research analysts at Raymond James from C$8.00 to C$10.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ target price would indicate a potential upside of 40.45% from the company’s current price. Raymond James also issued estimates for Black Diamond Group’s Q1 2023 earnings at $0.09 EPS, Q2 2023 earnings at $0.10 EPS, Q3 2023 earnings at $0.14 EPS, Q4 2023 earnings at $0.14 EPS, FY2023 earnings at $0.47 EPS, Q1 2024 earnings at $0.11 EPS, Q2 2024 earnings at $0.13 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.17 EPS and FY2024 earnings at $0.57 EPS.

Separately, BMO Capital Markets started coverage on shares of Black Diamond Group in a report on Friday, November 4th. They set a “buy” rating and a C$7.00 price objective for the company.

Black Diamond Group Stock Performance

TSE BDI opened at C$7.12 on Friday. Black Diamond Group has a 52-week low of C$3.10 and a 52-week high of C$7.29. The company has a debt-to-equity ratio of 68.86, a quick ratio of 1.05 and a current ratio of 1.28. The company has a market capitalization of C$422.00 million, a P/E ratio of 15.48 and a beta of 1.61. The company has a fifty day moving average of C$5.51 and a 200-day moving average of C$4.70.

Insiders Place Their Bets

In other Black Diamond Group news, Director Steve Stein sold 7,700 shares of the business’s stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of C$4.60, for a total value of C$35,420.00. Following the completion of the sale, the director now directly owns 829,436 shares of the company’s stock, valued at C$3,815,405.60. Over the last three months, insiders acquired 5,204 shares of company stock valued at $22,741 and sold 13,700 shares valued at $64,044. 24.18% of the stock is currently owned by insiders.

Black Diamond Group Company Profile

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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.