BMO Capital Markets Issues Positive Forecast for Black Diamond Group (TSE:BDI) Stock Price

Black Diamond Group (TSE:BDI) had its target price raised by BMO Capital Markets from C$18.00 to C$20.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other research analysts have also recently commented on the stock. Acumen Capital raised their target price on shares of Black Diamond Group from C$14.50 to C$17.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Canaccord Genuity Group lifted their price objective on shares of Black Diamond Group from C$13.50 to C$17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$18.00.

Black Diamond Group Price Performance

Shares of TSE:BDI opened at C$16.68 on Friday. The company has a market capitalization of C$1.12 billion, a PE ratio of 28.76 and a beta of 0.85. The company has a debt-to-equity ratio of 88.46, a quick ratio of 1.05 and a current ratio of 1.17. The stock has a fifty day moving average of C$14.55 and a 200-day moving average of C$13.28. Black Diamond Group has a one year low of C$7.60 and a one year high of C$16.80.

Black Diamond Group (TSE:BDI) last announced its earnings results on Thursday, October 30th. The company reported C$0.18 earnings per share (EPS) for the quarter. Black Diamond Group had a return on equity of 8.11% and a net margin of 6.46%.The company had revenue of C$105.32 million for the quarter. As a group, equities analysts anticipate that Black Diamond Group will post 0.5349233 EPS for the current fiscal year.

Insider Activity at Black Diamond Group

In other news, Director Robert Wagemakers sold 20,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of C$14.10, for a total value of C$282,000.00. Following the transaction, the director directly owned 543,580 shares of the company’s stock, valued at approximately C$7,664,478. This represents a 3.55% decrease in their ownership of the stock. 23.83% of the stock is currently owned by corporate insiders.

About Black Diamond Group

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.