Black Diamond Group (TSE:BDI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Black Diamond Group (TSE:BDI) had its price objective raised by equities researchers at BMO Capital Markets from C$18.00 to C$20.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 19.90% from the company’s previous close.

BDI has been the topic of several other reports. Acumen Capital boosted their price target on shares of Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Canaccord Genuity Group lifted their price objective on Black Diamond Group from C$13.50 to C$17.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$18.00.

Black Diamond Group Stock Performance

Black Diamond Group stock opened at C$16.68 on Friday. 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 has a 52 week low of C$7.60 and a 52 week high of C$16.80. The stock has a 50 day moving average of C$14.55 and a 200-day moving average of 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.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Thursday, October 30th. The company reported C$0.18 earnings per share (EPS) for the quarter. Black Diamond Group had a net margin of 6.46% and a return on equity of 8.11%. The business had revenue of C$105.32 million during the quarter. On average, analysts expect that Black Diamond Group will post 0.5349233 EPS for the current fiscal year.

Insider Buying and Selling at Black Diamond Group

In related news, Director Robert Wagemakers sold 20,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$14.10, for a total transaction of C$282,000.00. Following the transaction, the director directly owned 543,580 shares in the company, valued at C$7,664,478. The trade was a 3.55% decrease in their ownership of the stock. Insiders own 23.83% of the company’s stock.

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.