Canaccord Genuity Group Lowers Black Diamond Group (TSE:BDI) Price Target to C$10.25

Black Diamond Group (TSE:BDI) had its price objective decreased by Canaccord Genuity Group from C$11.00 to C$10.25 in a report issued on Monday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on BDI. BMO Capital Markets dropped their price target on Black Diamond Group from C$12.00 to C$11.00 in a research report on Tuesday, April 23rd. Acumen Capital raised their price target on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the stock a buy rating in a research report on Monday, March 4th.

Black Diamond Group Trading Up 1.6 %

TSE BDI opened at C$8.13 on Monday. The company has a market capitalization of C$489.51 million, a price-to-earnings ratio of 16.59 and a beta of 1.61. The company has a debt-to-equity ratio of 72.03, a current ratio of 1.10 and a quick ratio of 1.05. Black Diamond Group has a 12 month low of C$5.35 and a 12 month high of C$9.92. The company’s fifty day moving average price is C$8.82 and its two-hundred day moving average price is C$8.46.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, topping the consensus estimate 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 business had revenue of C$103.40 million for the quarter, compared to analysts’ expectations of C$89.70 million. As a group, research analysts predict that Black Diamond Group will post 0.4749859 earnings per share for the current fiscal year.

Black Diamond Group Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 27th. Black Diamond Group’s dividend payout ratio is presently 24.49%.

Insider Activity

In related news, Senior Officer Patrick Melanson sold 10,000 shares of Black Diamond Group 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, 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. Also, Senior Officer Patrick Melanson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$9.00, for a total transaction of C$90,000.00. Over the last quarter, insiders sold 53,850 shares of company stock valued at $479,979. 23.91% 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.