Black Diamond Group (TSE:BDI) Given New C$12.00 Price Target at Raymond James

Black Diamond Group (TSE:BDI) had its target price upped by Raymond James from C$10.00 to C$12.00 in a report released on Monday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Separately, BMO Capital Markets increased their price objective on shares of Black Diamond Group from C$8.50 to C$10.00 in a research note on Friday.

Black Diamond Group Trading Up 1.6 %

TSE:BDI opened at C$7.11 on Monday. The company has a debt-to-equity ratio of 87.18, a quick ratio of 1.05 and a current ratio of 1.28. The firm has a market cap of C$428.16 million, a price-to-earnings ratio of 15.46 and a beta of 1.44. Black Diamond Group has a 52 week low of C$4.29 and a 52 week high of C$7.30. The firm has a 50-day moving average price of C$6.58 and a two-hundred day moving average price of C$6.35.

Black Diamond Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, December 28th. This is an increase from Black Diamond Group’s previous quarterly dividend of $0.02. Black Diamond Group’s dividend payout ratio (DPR) is 17.39%.

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.