Black Diamond Group (TSE:BDI) Price Target Increased to C$14.00 by Analysts at Raymond James

Black Diamond Group (TSE:BDI) had its target price lifted by Raymond James from C$12.00 to C$14.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

Several other brokerages have also recently issued reports on BDI. Canaccord Genuity Group dropped their price target on Black Diamond Group from C$11.00 to C$10.25 and set a buy rating on the stock in a research report on Monday, May 6th. BMO Capital Markets boosted their target price on Black Diamond Group from C$11.00 to C$12.00 in a report on Friday, August 2nd.

Black Diamond Group Price Performance

BDI stock opened at C$10.15 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The company has a market capitalization of C$608.09 million, a P/E ratio of 21.15 and a beta of 1.56. The business has a 50 day simple moving average of C$8.86 and a 200-day simple moving average of C$8.68. Black Diamond Group has a twelve month low of C$5.94 and a twelve month high of C$10.20.

Black Diamond Group (TSE:BDI) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Black Diamond Group had a net margin of 7.78% and a return on equity of 10.86%. The firm had revenue of C$95.50 million during the quarter, compared to analysts’ expectations of C$93.70 million. As a group, equities analysts anticipate that Black Diamond Group will post 0.4201331 EPS for the current year.

Black Diamond Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.18%. Black Diamond Group’s payout ratio is currently 25.00%.

Insiders Place Their Bets

In other news, Director Steve Stein sold 5,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$10.10, for a total transaction of C$50,500.00. In other news, Director Steve Stein sold 5,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$10.10, for a total value of C$50,500.00. Also, Senior Officer Edward John Redmond sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$9.97, for a total transaction of C$199,400.00. In the last 90 days, insiders have sold 115,000 shares of company stock worth $1,134,170. Company insiders own 23.96% 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.