Black Diamond Group (TSE:BDI) Price Target Raised to C$25.50

Black Diamond Group (TSE:BDI) had its price target boosted by Acumen Capital from C$21.75 to C$25.50 in a research report sent to investors on Monday, Marketbeat reports. They currently have a buy rating on the stock.

Black Diamond Group Price Performance

Black Diamond Group stock opened at C$22.06 on Monday. The business’s 50-day simple moving average is C$18.97 and its 200 day simple moving average is C$17.95. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of 68.94 and a beta of 1.13. Black Diamond Group has a 12-month low of C$13.47 and a 12-month high of C$23.14. 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 announced its quarterly earnings data on Thursday, October 29th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$159.88 million during the quarter. Black Diamond Group had a return on equity of 5.45% and a net margin of 3.95%. As a group, research analysts anticipate that Black Diamond Group will post 0.53 earnings per share for the current year.

Insider Activity at Black Diamond Group

In related news, Director Elizabeth Kernaghan sold 259,700 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$20.76, for a total transaction of C$5,391,372.00. Following the completion of the sale, the director directly 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 ownership of the stock. Also, insider Kernwood Limited sold 259,700 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of C$20.76, for a total transaction of C$5,391,372.00. Following the completion of the transaction, the insider owned 6,242,200 shares in the company, valued at C$129,588,072. This represents a 3.99% decrease in their ownership of the stock. In the last quarter, insiders have sold 549,400 shares of company stock valued at $11,392,910. 23.83% of the stock is owned by corporate insiders.

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.