Key Points
- Insider sale: Tobias Gerald Labrie sold 20,000 shares at C$16.00 each for C$320,000, reducing his stake by 3.63% to 530,215 shares (valued at C$8.48M).
- Stock snapshot: BDI traded at C$16.04 mid‑day with volume of 200,832 (vs. average 138,843), a 52‑week range of C$7.60–C$18.75, market cap ≈C$1.09B and a PE of 29.7.
- Analyst sentiment: Several firms raised targets to C$20.00, three analysts rate the stock a "Buy," and the consensus average target is C$19.25.
Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Tobias Gerald Labrie sold 20,000 shares of Black Diamond Group stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of C$16.00, for a total transaction of C$320,000.00. Following the completion of the transaction, the insider directly owned 530,215 shares of the company's stock, valued at C$8,483,440. The trade was a 3.63% decrease in their position.
Black Diamond Group Price Performance
Shares of BDI stock traded down C$0.16 during mid-day trading on Friday, hitting C$16.04. 200,832 shares of the stock were exchanged, compared to its average volume of 138,843. Black Diamond Group Limited has a 52-week low of C$7.60 and a 52-week high of C$18.75. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 101.87. The company has a market cap of C$1.09 billion, a PE ratio of 29.70 and a beta of 1.13. The firm has a fifty day moving average of C$16.50 and a 200 day moving average of C$14.71.
Analysts Set New Price Targets
Several analysts have commented on BDI shares. BMO Capital Markets raised their price objective on Black Diamond Group from C$18.00 to C$20.00 in a report on Friday, January 16th. Raymond James Financial downgraded 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, January 20th. Finally, Canaccord Genuity Group lifted their price target on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the company a "buy" rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$19.25.
Get Our Latest Stock Analysis on BDI
Black Diamond Group Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
