BMO Capital Markets Raises Black Diamond Group (TSE:BDI) Price Target to C$12.00

Black Diamond Group (TSE:BDI) had its price objective upped by BMO Capital Markets from C$11.00 to C$12.00 in a research note released on Friday, BayStreet.CA reports.

Separately, Canaccord Genuity Group cut their price target on Black Diamond Group from C$11.00 to C$10.25 and set a buy rating for the company in a research note on Monday, May 6th.

Black Diamond Group Stock Performance

BDI opened at C$9.32 on Friday. The company has a debt-to-equity ratio of 73.81, a current ratio of 1.14 and a quick ratio of 1.05. The company has a market capitalization of C$571.97 million, a PE ratio of 21.18 and a beta of 1.62. The business has a fifty day simple moving average of C$8.25 and a 200 day simple moving average of C$8.59. Black Diamond Group has a 1 year low of C$5.80 and a 1 year high of C$9.92.

Black Diamond Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, September 30th. Black Diamond Group’s dividend payout ratio is presently 27.27%.

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.