Black Diamond Group (TSE:BDI) Reaches New 12-Month High – Should You Buy?

Shares of Black Diamond Group Limited (TSE:BDI) hit a new 52-week high during trading on Thursday . The stock traded as high as C$16.95 and last traded at C$16.60, with a volume of 47075 shares trading hands. The stock had previously closed at C$16.70.

Wall Street Analyst Weigh In

BDI has been the topic of several analyst reports. Raymond James Financial downgraded shares of Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and upped their target price for the stock from C$18.00 to C$20.00 in a research note on Tuesday. BMO Capital Markets boosted their price objective on shares of Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Finally, Canaccord Genuity Group upped their price objective on Black Diamond Group from C$13.50 to C$17.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Three equities research 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

The stock has a market capitalization of C$1.11 billion, a PE ratio of 28.45 and a beta of 0.85. The firm’s fifty day moving average price is C$14.70 and its two-hundred day moving average price is C$13.44. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 88.46.

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

Insider Activity at Black Diamond Group

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