Key Points
- Insider buying: Black Diamond Group director Daryle Jonathan William Warren bought 1,000 shares at C$17.12 each on May 6, adding to a recent 2,000-share purchase made on May 4.
- Stock and financial snapshot: BDI shares were down 2.6% and opened at C$16.94, while the company reported Q1 earnings of C$0.04 per share on revenue of C$129.98 million.
- Analyst outlook remains positive: Analysts maintain a Buy consensus on Black Diamond Group, with a consensus price target of C$19.25 and several recent target increases to C$20.00.
Black Diamond Group Limited (TSE:BDI - Get Free Report) Director Daryle Jonathan William Warren bought 1,000 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of C$17.12 per share, for a total transaction of C$17,120.00. Following the purchase, the director directly owned 360,928 shares in the company, valued at approximately C$6,179,087.36. This represents a 0.28% increase in their position.
Daryle Jonathan William Warren also recently made the following trade(s):
- On Monday, May 4th, Daryle Jonathan William Warren bought 2,000 shares of Black Diamond Group stock. The shares were bought at an average cost of C$16.50 per share, for a total transaction of C$33,000.00.
Black Diamond Group Trading Down 2.6%
Shares of BDI opened at C$16.94 on Tuesday. The firm's 50-day moving average price is C$16.56 and its 200-day moving average price is C$15.71. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 34.57 and a beta of 1.12. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 93.57. Black Diamond Group Limited has a 1-year low of C$9.19 and a 1-year high of C$18.75.
Black Diamond Group (TSE:BDI - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$129.98 million for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. Sell-side analysts anticipate that Black Diamond Group Limited will post 0.5349233 EPS for the current year.
Analysts Set New Price Targets
BDI has been the topic of a number of research reports. BMO Capital Markets lifted their target price on shares of Black Diamond Group from C$18.00 to C$20.00 in a research note on Friday, January 16th. Raymond James Financial lowered shares of Black Diamond Group from a "strong-buy" rating to a "moderate buy" rating and lifted their target price for the company from C$18.00 to C$20.00 in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group boosted their price objective on shares of Black Diamond Group from C$17.00 to C$20.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$19.25.
View Our Latest Stock Analysis on Black Diamond Group
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.
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