Black Diamond Group (TSE:BDI) PT Lowered to C$10.25 at Canaccord Genuity Group

Black Diamond Group (TSE:BDI) had its price target decreased by research analysts at Canaccord Genuity Group from C$11.00 to C$10.25 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 25.77% from the company’s previous close.

BDI has been the subject of several other research reports. Acumen Capital boosted their target price on shares of 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. BMO Capital Markets lowered their price objective on shares of Black Diamond Group from C$12.00 to C$11.00 in a research report on Tuesday, April 23rd.

Black Diamond Group Stock Performance

Shares of Black Diamond Group stock opened at C$8.15 on Monday. The firm has a market cap of C$490.71 million, a PE ratio of 16.63 and a beta of 1.61. Black Diamond Group has a 1 year low of C$5.35 and a 1 year high of C$9.92. The firm’s 50-day simple moving average is C$8.78 and its 200-day simple moving average is C$8.48. 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 (TSE:BDI) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.03. The firm had revenue of C$103.40 million for the quarter, compared to analysts’ expectations of C$89.70 million. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. Equities analysts forecast that Black Diamond Group will post 0.4749859 earnings per share for the current fiscal year.

Insider Buying and Selling at Black Diamond Group

In other Black Diamond Group news, Senior Officer Patrick Melanson sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total value of C$117,910.00. In related news, Director Trevor Haynes sold 10,000 shares of the company’s 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. Also, Senior Officer Patrick Melanson sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,910.00. Insiders sold 53,850 shares of company stock valued at $479,979 in the last ninety days. Company insiders own 23.91% of the company’s stock.

About Black Diamond Group

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.