Raymond James upgraded shares of Black Diamond Group (TSE:BDI) from a market perform rating to an outperform rating in a report issued on Monday. They currently have C$2.40 price target on the stock.
Several other analysts have also recently commented on BDI. Royal Bank of Canada lifted their price target on Black Diamond Group from C$2.50 to C$3.00 and gave the company a sector perform rating in a report on Thursday, March 8th. National Bank Financial lifted their price target on Black Diamond Group from C$2.30 to C$3.20 and gave the company a sector perform rating in a report on Wednesday, March 7th. Finally, Acumen Capital lifted their price target on Black Diamond Group from C$2.70 to C$3.40 in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of C$2.50.
BDI opened at C$2.92 on Monday. Black Diamond Group has a 12 month low of C$1.55 and a 12 month high of C$3.65.
Black Diamond Group (TSE:BDI) last posted its quarterly earnings results on Tuesday, March 6th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.02). The business had revenue of C$41.60 million during the quarter, compared to analysts’ expectations of C$37.17 million. Black Diamond Group had a negative net margin of 9.09% and a negative return on equity of 4.35%.
In other news, Director Trevor Haynes bought 30,000 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was acquired at an average price of C$2.40 per share, for a total transaction of C$72,000.00. Also, insider Edward James Kernaghan bought 24,100 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were purchased at an average price of C$2.50 per share, with a total value of C$60,250.00. Insiders have bought a total of 255,500 shares of company stock valued at $598,036 in the last quarter.
Black Diamond Group Company Profile
Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through four segments: BOXX Modular, Black Diamond Camps & Lodging, Black Diamond Energy Services, and Black Diamond International. The BOXX Modular segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial institutions, resource industries, and government agencies in North America.
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