Black Diamond Group (TSE:BDI) Price Target Lowered to C$11.00 at BMO Capital Markets

Black Diamond Group (TSE:BDI) had its price target cut by BMO Capital Markets from C$12.00 to C$11.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Acumen Capital boosted their target price on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the stock a buy rating in a research report on Monday, March 4th. Canaccord Genuity Group boosted their price objective on shares of Black Diamond Group from C$9.50 to C$11.00 and gave the stock a buy rating in a research note on Monday, March 4th.

Black Diamond Group Stock Performance

BDI stock opened at C$8.69 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 72.03. The company has a market capitalization of C$523.22 million, a price-to-earnings ratio of 17.73 and a beta of 1.73. Black Diamond Group has a 12 month low of C$5.35 and a 12 month high of C$9.92. The firm has a 50 day moving average of C$8.95 and a two-hundred day moving average of C$8.35.

Black Diamond Group (TSE:BDI) last posted its earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.03. The company had revenue of C$103.40 million during the quarter, compared to the consensus estimate of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. As a group, equities analysts anticipate that Black Diamond Group will post 0.4599247 EPS for the current fiscal year.

Black Diamond Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, March 27th. Black Diamond Group’s payout ratio is 24.49%.

Insider Activity at Black Diamond Group

In related news, Senior Officer Patrick Melanson sold 13,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,910.00. In other Black Diamond Group news, Director Trevor Haynes sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total value of C$87,520.00. Also, Senior Officer Patrick Melanson sold 13,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,910.00. Insiders sold a total of 53,850 shares of company stock worth $479,979 in the last ninety days. 24.18% of the stock is currently owned by insiders.

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.