Black Diamond Group (TSE:BDI) Cut to Moderate Buy at Raymond James Financial

Raymond James Financial lowered shares of Black Diamond Group (TSE:BDI) from a strong-buy rating to a moderate buy rating in a report issued on Tuesday morning, Marketbeat Ratings reports. They currently have C$20.00 target price on the stock, up from their prior target price of C$18.00.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Canaccord Genuity Group increased their price target on shares of Black Diamond Group from C$13.50 to C$17.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Acumen Capital lifted their price objective on shares of Black Diamond Group from C$14.50 to C$17.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Black Diamond Group currently has an average rating of “Buy” and a consensus target price of C$18.50.

Black Diamond Group Price Performance

Shares of TSE BDI opened at C$16.50 on Tuesday. The company has a debt-to-equity ratio of 88.46, a current ratio of 1.17 and a quick ratio of 1.05. The business has a 50-day moving average of C$14.75 and a 200-day moving average of C$13.46. The stock has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 28.45 and a beta of 0.85. Black Diamond Group has a fifty-two week low of C$7.60 and a fifty-two week high of C$16.95.

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

Insider Buying and Selling

In related news, Director Robert Wagemakers sold 20,000 shares of Black Diamond Group stock in a transaction dated Friday, November 21st. The shares were sold at an average price of C$14.10, for a total transaction of C$282,000.00. Following the completion of the sale, the director owned 543,580 shares of the company’s stock, valued at approximately C$7,664,478. The trade was a 3.55% decrease in their position. 23.83% of the stock is currently owned by company 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.