Black Diamond Group (TSE:BDI) Downgraded to Outperform Rating by Raymond James Financial

Raymond James Financial downgraded shares of Black Diamond Group (TSE:BDI) from a strong-buy rating to an outperform rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have C$20.00 price objective on the stock, up from their previous price objective of C$18.00.

A number of other brokerages also recently commented on BDI. BMO Capital Markets raised their price objective on Black Diamond Group from C$18.00 to C$20.00 in a research report on Friday, January 16th. Canaccord Genuity Group upped their target price on 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. Finally, Acumen Capital raised their target price on Black Diamond Group from C$14.50 to C$17.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$18.50.

Black Diamond Group Stock Performance

TSE BDI opened at C$16.32 on Tuesday. The company has a debt-to-equity ratio of 88.46, a current ratio of 1.17 and a quick ratio of 1.05. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 28.14 and a beta of 0.85. The company’s fifty day moving average is C$14.65 and its two-hundred day moving average is C$13.41. Black Diamond Group has a 52-week low of C$7.60 and a 52-week high of C$16.80.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.18 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. Equities research analysts forecast that Black Diamond Group will post 0.5349233 EPS for the current year.

Insider Activity at Black Diamond Group

In related news, Director Robert Wagemakers sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 543,580 shares in the company, valued at C$7,664,478. This trade represents a 3.55% decrease in their position. 23.83% of the stock is owned by company insiders.

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