Black Diamond Group (TSE:BDI) Hits New 12-Month High – Still a Buy?

Black Diamond Group Limited (TSE:BDI) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.58 and last traded at C$17.42, with a volume of 5976 shares changing hands. The stock had previously closed at C$17.50.

Wall Street Analysts Forecast Growth

BDI has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Raymond James Financial cut shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and increased their price objective for the stock from C$18.00 to C$20.00 in a research report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$18.50.

Black Diamond Group Price Performance

The stock has a market capitalization of C$1.19 billion, a P/E ratio of 30.48 and a beta of 0.96. The business’s 50 day simple moving average is C$16.00 and its two-hundred day simple moving average is C$14.32. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 88.46.

Black Diamond Group Company Profile

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.