Black Diamond Group (TSE:BDI) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Black Diamond Group (TSE:BDI) had its price target lifted by investment analysts at Raymond James Financial from C$23.00 to C$25.00 in a research note issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 14.52% from the stock’s current price.

Separately, Acumen Capital upped their target price on Black Diamond Group from C$21.75 to C$25.50 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$22.62.

Black Diamond Group Price Performance

TSE BDI traded up C$0.72 during trading hours on Monday, hitting C$21.83. The company had a trading volume of 278,762 shares, compared to its average volume of 197,518. Black Diamond Group has a 52 week low of C$13.47 and a 52 week high of C$23.14. The firm has a 50 day simple moving average of C$18.74 and a 200 day simple moving average of C$17.85. The company has a debt-to-equity ratio of 97.94, a quick ratio of 1.05 and a current ratio of 1.53. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 62.37 and a beta of 1.13.

Black Diamond Group (TSE:BDI) last released its quarterly earnings data on Thursday, October 29th. The company reported C$0.19 EPS for the quarter. Black Diamond Group had a net margin of 3.95% and a return on equity of 5.45%. The company had revenue of C$159.88 million during the quarter. Equities research analysts expect that Black Diamond Group will post 0.53 earnings per share for the current year.

Insider Activity

In other news, Director Daryle Jonathan William Warren bought 2,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of C$18.06 per share, with a total value of C$36,120.00. Following the completion of the purchase, the director directly owned 365,928 shares in the company, valued at C$6,608,659.68. This represents a 0.55% increase in their ownership of the stock. Also, insider Kernwood Limited sold 259,700 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$20.76, for a total value of C$5,391,372.00. Following the completion of the sale, the insider directly owned 6,242,200 shares of the company’s stock, valued at approximately C$129,588,072. This represents a 3.99% decrease in their position. In the last three months, insiders have sold 549,400 shares of company stock worth $11,392,910. 23.83% of the stock is currently owned by insiders.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands – BOXX Modular, CLM and Schiavi – owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.