BMO Capital Markets Issues Positive Forecast for Black Diamond Group (TSE:BDI) Stock Price

Black Diamond Group (TSE:BDI) had its target price upped by BMO Capital Markets from C$15.00 to C$17.00 in a research note released on Tuesday,BayStreet.CA reports.

Black Diamond Group Trading Up 4.3%

Shares of BDI stock opened at C$14.09 on Tuesday. The business’s 50 day moving average is C$11.88 and its two-hundred day moving average is C$10.05. Black Diamond Group has a twelve month low of C$7.60 and a twelve month high of C$14.40. The company has a market capitalization of C$928.36 million, a P/E ratio of 27.63 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46.

Black Diamond Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.0%. Black Diamond Group’s dividend payout ratio (DPR) is currently 26.47%.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals.