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

Black Diamond Group (TSE:BDI) had its price objective decreased by BMO Capital Markets from C$12.00 to C$11.00 in a report released on Tuesday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Acumen Capital boosted their price objective on shares of 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 boosted their price target on Black Diamond Group from C$9.50 to C$11.00 and gave the company a buy rating in a research note on Monday, March 4th.

Black Diamond Group Trading Up 3.2 %

TSE:BDI opened at C$9.07 on Tuesday. The company’s 50 day moving average is C$8.97 and its 200-day 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 has a 12 month low of C$5.35 and a 12 month high of C$9.92. The firm has a market cap of C$546.10 million, a price-to-earnings ratio of 18.51 and a beta of 1.73.

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

Black Diamond Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Black Diamond Group’s dividend payout ratio (DPR) is 24.49%.

Insider Buying and Selling at Black Diamond Group

In other news, Director Steve Stein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total value of C$44,200.00. In other news, Director Trevor Haynes sold 10,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$8.75, for a total transaction of C$87,520.00. Also, Director Steve Stein sold 5,000 shares of Black Diamond Group stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total value of C$44,200.00. Over the last three months, insiders sold 53,850 shares of company stock valued at $479,979. 24.18% of the stock is currently owned by company insiders.

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.