Black Diamond Group (TSE:BDI) Price Target Raised to C$25.00

Black Diamond Group (TSE:BDI) had its target price upped by Raymond James Financial from C$23.00 to C$25.00 in a research report report published on Monday morning,BayStreet reports. They currently have an outperform rating on the stock.

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

Black Diamond Group Trading Down 0.9%

TSE:BDI opened at C$22.06 on Monday. The company has a market cap of C$1.51 billion, a P/E ratio of 68.94 and a beta of 1.13. Black Diamond Group has a twelve month low of C$13.47 and a twelve month high of C$23.14. The business has a 50 day moving average price of C$18.97 and a two-hundred day moving average price of C$17.95. The company has a quick ratio of 1.05, a current ratio of 1.53 and a debt-to-equity ratio of 97.94.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$0.19 earnings per share (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 for the quarter. As a group, analysts expect that Black Diamond Group will post 0.53 EPS for the current fiscal year.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, insider Kernwood Limited sold 259,700 shares of the business’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 transaction of C$5,391,372.00. Following the transaction, the insider owned 6,242,200 shares of the company’s stock, valued at C$129,588,072. The trade was a 3.99% decrease in their position. Also, Director Elizabeth Kernaghan sold 259,700 shares of the business’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 transaction, the director directly owned 6,242,200 shares in the company, valued at C$129,588,072. This trade represents a 3.99% decrease in their position. Insiders have sold 549,400 shares of company stock valued at $11,392,910 over the last three months. Insiders own 23.83% of the company’s stock.

Black Diamond Group Company Profile

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.