BMO Capital Markets Boosts Black Diamond Group (TSE:BDI) Price Target to C$12.00

Black Diamond Group (TSE:BDI) had its price objective boosted by equities researchers at BMO Capital Markets from C$11.00 to C$12.00 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 29.73% from the company’s current price.

Separately, Canaccord Genuity Group dropped their price target on Black Diamond Group from C$11.00 to C$10.25 and set a “buy” rating on the stock in a research report on Monday, May 6th.

Black Diamond Group Stock Up 0.1 %

TSE BDI traded up C$0.01 on Friday, hitting C$9.25. 64,701 shares of the stock traded hands, compared to its average volume of 54,398. The stock has a 50-day moving average of C$8.22 and a 200 day moving average of C$8.58. Black Diamond Group has a twelve month low of C$5.80 and a twelve month high of C$9.92. The company has a market capitalization of C$567.67 million, a P/E ratio of 21.11 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 73.81.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.06). Black Diamond Group had a net margin of 7.11% and a return on equity of 9.95%. The firm had revenue of C$73.60 million for the quarter, compared to analyst estimates of C$88.60 million. As a group, analysts expect that Black Diamond Group will post 0.4202128 earnings per share for the current fiscal year.

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.