Black Diamond Group (TSE:BDI) Price Target Raised to C$14.00

Black Diamond Group (TSE:BDI) had its price target lifted by Raymond James from C$12.00 to C$14.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Black Diamond Group from C$11.00 to C$10.25 and set a buy rating on the stock in a report on Monday, May 6th. BMO Capital Markets lifted their target price on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday, August 2nd.

Black Diamond Group Stock Performance

Shares of TSE:BDI opened at C$9.89 on Monday. The business’s 50-day simple moving average is C$9.00 and its 200 day simple moving average is C$8.70. The company has a market cap of C$592.51 million, a P/E ratio of 20.60 and a beta of 1.56. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. Black Diamond Group has a one year low of C$5.94 and a one year high of C$10.20.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.01. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. The company had revenue of C$95.50 million for the quarter, compared to analyst estimates of C$93.70 million. On average, sell-side analysts forecast that Black Diamond Group will post 0.4201331 earnings per share for the current fiscal year.

Black Diamond Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. Black Diamond Group’s dividend payout ratio (DPR) is 25.00%.

Insider Transactions at Black Diamond Group

In other news, Senior Officer Edward John Redmond sold 80,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$9.80, for a total transaction of C$784,000.00. In other news, Senior Officer Edward John Redmond sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$9.80, for a total value of C$784,000.00. Also, Director Steve Stein sold 4,100 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$10.06, for a total value of C$41,246.00. In the last 90 days, insiders sold 115,000 shares of company stock valued at $1,134,170. Insiders own 23.96% 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.