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

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

Other research analysts have also issued reports about the stock. Acumen Capital raised their target price on shares of Black Diamond Group from C$12.00 to C$12.50 and gave the stock a buy rating in a research note on Monday, March 4th. Canaccord Genuity Group raised their target price on shares of Black Diamond Group from C$9.50 to C$11.00 and gave the stock a buy rating in a research note on Monday, March 4th.

Black Diamond Group Trading Down 3.4 %

BDI stock opened at C$8.69 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 72.03. Black Diamond Group has a 12-month low of C$5.35 and a 12-month high of C$9.92. The stock has a market cap of C$523.22 million, a price-to-earnings ratio of 17.73 and a beta of 1.73. The business’s 50-day moving average is C$8.95 and its 200 day moving average is C$8.35.

Black Diamond Group (TSE:BDI) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.03. Black Diamond Group had a return on equity of 11.11% and a net margin of 7.72%. The company had revenue of C$103.40 million for the quarter, compared to analysts’ expectations of C$89.70 million. On average, sell-side analysts anticipate that Black Diamond Group will post 0.4599247 EPS for the current fiscal year.

Black Diamond Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, March 27th. Black Diamond Group’s payout ratio is presently 24.49%.

Insider Activity

In other news, Director Trevor Haynes sold 10,000 shares of Black Diamond Group stock in a transaction that occurred 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 other news, Director Trevor Haynes sold 10,000 shares of Black Diamond Group stock in a transaction that occurred 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. Also, Senior Officer Tobias Gerald Labrie sold 5,000 shares of the business’s stock in a transaction that occurred 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. In the last 90 days, insiders have sold 53,850 shares of company stock valued at $479,979. 24.18% of the stock is currently owned by company insiders.

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.