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

Black Diamond Group (TSE:BDI) had its target price decreased by research analysts at BMO Capital Markets from C$12.00 to C$11.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 21.01% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their target price on Black Diamond Group from C$9.50 to C$11.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Acumen Capital increased their target price on Black Diamond Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Monday, March 4th.

Black Diamond Group Stock Performance

Black Diamond Group stock traded up C$0.30 during mid-day trading on Tuesday, reaching C$9.09. The company’s stock had a trading volume of 23,980 shares, compared to its average volume of 45,958. The firm’s fifty day moving average price is C$8.97 and its two-hundred day moving average price is C$8.32. The company has a market capitalization of C$547.31 million, a P/E ratio of 18.47 and a beta of 1.73. The company has a debt-to-equity ratio of 72.03, a quick ratio of 1.05 and a current ratio of 1.10. Black Diamond Group has a 12-month low of C$5.35 and a 12-month high of C$9.92.

Black Diamond Group (TSE:BDI) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.13 EPS for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. The firm had revenue of C$103.40 million during the quarter, compared to analyst estimates of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. Sell-side analysts predict that Black Diamond Group will post 0.4599247 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Trevor Haynes sold 10,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total value of C$87,520.00. In related news, Director Steve Stein sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$8.84, for a total transaction of C$44,200.00. Also, Director Trevor Haynes sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total transaction of C$87,520.00. Insiders sold a total of 53,850 shares of company stock valued at $479,979 over the last three months. Corporate insiders own 24.18% of the company’s stock.

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.