Black Diamond Group (TSE:BDI) Rating Increased to Moderate Buy at Cormark

Black Diamond Group (TSE:BDI) was upgraded by research analysts at Cormark to a “moderate buy” rating in a research note issued on Wednesday,Zacks.com reports. Cormark also issued estimates for Black Diamond Group’s FY2027 earnings at $0.80 EPS.

Separately, Raymond James raised their price objective on shares of Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research note on Monday, August 26th.

Black Diamond Group Stock Performance

TSE:BDI opened at C$9.33 on Wednesday. The business has a 50 day moving average price of C$9.07 and a 200-day moving average price of C$9.00. The firm has a market cap of C$558.96 million, a PE ratio of 19.44 and a beta of 1.54. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. Black Diamond Group has a fifty-two week low of C$7.40 and a fifty-two week high of C$10.27.

Insider Activity at Black Diamond Group

In other Black Diamond Group news, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total transaction of C$141,000.00. Also, Senior Officer Michael Lenard Ridley sold 15,400 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$9.40, for a total value of C$144,760.00. In the last quarter, insiders sold 49,049 shares of company stock valued at $460,652. Insiders own 23.83% of the company’s stock.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.