Black Diamond Group (TSE:BDI) Reaches New 12-Month High on Analyst Upgrade

Shares of Black Diamond Group Limited (TSE:BDI) hit a new 52-week high during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$18.00 to C$20.00. The stock traded as high as C$16.68 and last traded at C$16.48, with a volume of 35568 shares trading hands. The stock had previously closed at C$15.96.

A number of other research analysts have also recently issued reports on BDI. Canaccord Genuity Group lifted their price objective on shares of Black Diamond Group from C$13.50 to C$17.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Acumen Capital lifted their price target on Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$18.00.

Insider Buying and Selling

In other Black Diamond Group news, Director Robert Wagemakers sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of C$14.10, for a total value of C$282,000.00. Following the sale, the director owned 543,580 shares in the company, valued at C$7,664,478. This trade represents a 3.55% decrease in their ownership of the stock. 23.83% of the stock is currently owned by insiders.

Black Diamond Group Price Performance

The company’s 50 day moving average price is C$14.55 and its 200-day moving average price is C$13.30. The stock has a market cap of C$1.12 billion, a P/E ratio of 28.76 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 88.46.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings data on Thursday, October 30th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$105.32 million for the quarter. Black Diamond Group had a net margin of 6.46% and a return on equity of 8.11%. As a group, sell-side analysts expect that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.

Black Diamond Group Company Profile

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. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.