Elizabeth Kernaghan Sells 146,500 Shares of Black Diamond Group (TSE:BDI) Stock

Black Diamond Group Limited (TSE:BDI) Director Elizabeth Kernaghan sold 146,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of C$16.15, for a total value of C$2,365,975.00. Following the transaction, the director directly owned 605,900 shares in the company, valued at approximately C$9,785,285. This trade represents a 19.47% decrease in their ownership of the stock.

Elizabeth Kernaghan also recently made the following trade(s):

• On Tuesday, March 17th, Elizabeth Kernaghan sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$16.11, for a total value of C$3,222.00.
• On Tuesday, March 17th, Elizabeth Kernaghan sold 3,700 shares of Black Diamond Group stock. The shares were sold at an average price of C$16.10, for a total value of C$59,570.00.

Black Diamond Group Trading Down 0.7%

Shares of Black Diamond Group stock opened at C$15.84 on Friday. The stock has a market capitalization of C$1.07 billion, a PE ratio of 29.33 and a beta of 1.13. Black Diamond Group Limited has a 52 week low of C$7.60 and a 52 week high of C$18.75. The stock has a 50 day moving average price of C$16.49 and a two-hundred day moving average price of C$15.06. The company has a debt-to-equity ratio of 101.87, a quick ratio of 1.05 and a current ratio of 1.42.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Raymond James Financial downgraded shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and boosted their target price for the stock from C$18.00 to C$20.00 in a research report on Tuesday, January 20th. Finally, Canaccord Genuity Group upped their target price on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$19.25.

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.