Black Diamond Group (TSE:BDI) Price Target Raised to C$17.00 at Canaccord Genuity Group

Black Diamond Group (TSE:BDI) had its target price upped by Canaccord Genuity Group from C$13.50 to C$17.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on BDI. BMO Capital Markets boosted their target price on shares of Black Diamond Group from C$15.00 to C$17.00 in a research note on Tuesday. Acumen Capital boosted their target price on shares of Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Black Diamond Group currently has a consensus rating of “Buy” and a consensus target price of C$17.00.

Black Diamond Group Stock Up 2.9%

Shares of TSE:BDI opened at C$14.50 on Wednesday. Black Diamond Group has a 52 week low of C$7.60 and a 52 week high of C$14.56. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17. The company’s fifty day moving average is C$11.95 and its 200-day moving average is C$10.08. The company has a market capitalization of C$955.38 million, a PE ratio of 28.43 and a beta of 0.75.

Black Diamond Group Dividend Announcement

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