Black Diamond Group (TSE:BDI) Price Target Lowered to C$11.00 at BMO Capital Markets

Black Diamond Group (TSE:BDI) had its price objective lowered by BMO Capital Markets from C$12.00 to C$11.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Acumen Capital lifted their target price on 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. Canaccord Genuity Group upped their target price on Black Diamond Group from C$9.50 to C$11.00 and gave the company a buy rating in a report on Monday, March 4th.

Black Diamond Group Stock Up 3.2 %

Shares of TSE:BDI opened at C$9.07 on Tuesday. Black Diamond Group has a fifty-two week low of C$5.35 and a fifty-two week high of C$9.92. The stock has a market cap of C$546.10 million, a price-to-earnings ratio of 18.51 and a beta of 1.73. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 72.03. The firm’s 50 day moving average price is C$8.97 and its 200 day moving average price is C$8.34.

Black Diamond Group (TSE:BDI) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. The firm had revenue of C$103.40 million during the quarter, compared to analysts’ expectations of C$89.70 million. Black Diamond Group had a net margin of 7.72% and a return on equity of 11.11%. As a group, equities research analysts predict that Black Diamond Group will post 0.4599247 earnings per share for the current fiscal year.

Black Diamond Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. Black Diamond Group’s dividend payout ratio (DPR) is 24.49%.

Insider Transactions at Black Diamond Group

In other news, Director Trevor Haynes sold 10,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total transaction of C$87,520.00. In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 5,000 shares of Black Diamond Group stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$9.05, for a total value of C$45,250.00. Also, Director Trevor Haynes sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$8.75, for a total transaction of C$87,520.00. In the last 90 days, insiders sold 53,850 shares of company stock valued at $479,979. Insiders own 24.18% 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.