Cormark Upgrades Black Diamond Group (TSE:BDI) to Moderate Buy

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

Separately, Raymond James lifted 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 report on Monday, August 26th.

Black Diamond Group Trading Down 0.7 %

TSE:BDI opened at C$9.33 on Wednesday. Black Diamond Group has a 12-month low of C$7.40 and a 12-month high of C$10.27. The stock has a fifty day moving average price of C$9.07 and a 200 day moving average price of C$9.00. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 84.84. The firm has a market cap of C$558.96 million, a PE ratio of 19.44 and a beta of 1.54.

Insiders Place Their Bets

In other news, Senior Officer Michael Lenard Ridley sold 9,329 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$9.37, for a total value of C$87,412.73. Also, Senior Officer Tobias Gerald Labrie sold 15,000 shares of Black Diamond Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total value of C$141,000.00. Insiders sold a total of 49,049 shares of company stock valued at $460,652 in the last ninety days. Corporate 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.