Canaccord Genuity Group Cuts Black Diamond Group (TSE:BDI) Price Target to C$10.25

Black Diamond Group (TSE:BDI) had its price objective decreased by Canaccord Genuity Group from C$11.00 to C$10.25 in a research note released on Monday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets decreased their price objective on Black Diamond Group from C$12.00 to C$11.00 in a report on Tuesday, April 23rd. Acumen Capital lifted their target price on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the company a buy rating in a report on Monday, March 4th.

Black Diamond Group Price Performance

TSE BDI opened at C$8.10 on Monday. The company has a market cap of C$487.70 million, a price-to-earnings ratio of 16.53 and a beta of 1.61. The company has a debt-to-equity ratio of 72.03, a current ratio of 1.10 and a quick ratio of 1.05. The stock’s fifty day moving average price is C$8.75 and its 200 day moving average price is C$8.47. Black Diamond Group has a 1 year low of C$5.35 and a 1 year high of C$9.92.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. The business had revenue of C$103.40 million for the quarter, compared to analyst estimates of C$89.70 million. As a group, equities research analysts forecast that Black Diamond Group will post 0.4749859 earnings per share for the current year.

Black Diamond Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.48%. The ex-dividend date was Wednesday, March 27th. Black Diamond Group’s dividend payout ratio is currently 24.49%.

Insider Buying and Selling at Black Diamond Group

In other news, Director Steve Stein sold 5,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total value of C$44,200.00. In related news, Senior Officer Patrick Melanson sold 13,000 shares of Black Diamond Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$9.07, for a total transaction of C$117,910.00. Also, Director Steve Stein sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total value of C$44,200.00. In the last 90 days, insiders have sold 53,850 shares of company stock worth $479,979. Corporate insiders own 23.91% of the company’s stock.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.