Black Diamond Group (TSE:BDI) Hits New 1-Year High – What’s Next?

Shares of Black Diamond Group Limited (TSE:BDI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$16.68 and last traded at C$16.48, with a volume of 35568 shares. The stock had previously closed at C$15.96.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BDI shares. Acumen Capital raised their target price on Black Diamond Group from C$14.50 to C$17.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Canaccord Genuity Group lifted their price objective on Black Diamond Group from C$13.50 to C$17.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, BMO Capital Markets boosted their price objective on Black Diamond Group from C$15.00 to C$17.00 in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$17.00.

Black Diamond Group Price Performance

The business has a fifty day moving average of C$14.50 and a 200-day moving average of C$13.23. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 88.46. The firm has a market cap of C$1.12 billion, a PE ratio of 28.59 and a beta of 0.85.

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

Insider Transactions at Black Diamond Group

In other Black Diamond Group news, Director Robert Wagemakers sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 543,580 shares of the company’s stock, valued at C$7,664,478. The trade was a 3.55% decrease in their position. 23.83% of the stock is currently owned by insiders.

Black Diamond Group Company Profile

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.