Key Points
- Insider selling: Black Diamond Group insider Edward John Redmond sold 103,300 shares on May 26 at an average price of C$18.87, and then sold another 138,000 shares the next day at C$19.54.
- Stock performance and valuation: BDI shares were up 0.8% and opened at C$19.86, near their 12-month high of C$20.14. The company has a market cap of C$1.36 billion and is trading at a P/E ratio of 40.53.
- Analyst outlook: Canaccord Genuity raised its price target to C$20.00 and kept a buy rating, while the overall analyst consensus remains a buy with an average target price of C$19.25.
Black Diamond Group Limited (TSE:BDI - Get Free Report) Director Robert Wagemakers sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$20.00, for a total transaction of C$20,000.00. Following the sale, the director directly owned 9,000 shares of the company's stock, valued at C$180,000. This represents a 10.00% decrease in their position.
Robert Wagemakers also recently made the following trade(s):
- On Tuesday, May 26th, Robert Wagemakers sold 1,500 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.09, for a total transaction of C$28,635.00.
Black Diamond Group Stock Performance
TSE:BDI opened at C$19.86 on Friday. The company has a market capitalization of C$1.36 billion, a PE ratio of 40.53 and a beta of 1.12. The company has a 50 day simple moving average of C$16.94 and a two-hundred day simple moving average of C$16.01. The company has a debt-to-equity ratio of 93.57, a quick ratio of 1.05 and a current ratio of 1.45. Black Diamond Group Limited has a fifty-two week low of C$9.20 and a fifty-two week high of C$20.14.
Black Diamond Group (TSE:BDI - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$129.98 million during the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. Research analysts anticipate that Black Diamond Group Limited will post 0.5349233 earnings per share for the current year.
Analyst Ratings Changes
Separately, Canaccord Genuity Group raised 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 report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Black Diamond Group presently has a consensus rating of "Buy" and an average price target of C$19.25.
Read Our Latest Analysis on BDI
About Black Diamond Group
(
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.
Further Reading
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