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Black Diamond Group Ltd T.BDI

Alternate Symbol(s):  BDIMF

Black Diamond Group Limited is a specialty rental and industrial services company. Its segments include Modular Space Solutions (MSS) and Workforce Solutions (WFS). MSS, through its principal brands, BOXX Modular, CLM, MPA Systems, and Schiavi, owns a rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. WFS owns a large rental fleet of modular accommodation assets of various types. Its regional operating terminals rent, sell, service, and provide ancillary products and services, including turnkey operated camps for an array of customers in various sectors. It operates in Canada, the United States and Australia. In addition, WFS includes LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel and logistics services across North America.


TSX:BDI - Post by User

Post by zack50on Mar 08, 2021 10:05am
154 Views
Post# 32742381

BDI... Target increase

BDI... Target increase

Raymond James analyst Frederic Bastien increased his target for Black Diamond Group Ltd. (BDI-T) to $4.50 from $4.10, keeping an “outperform” rating. The average is $3.33.

“We see BDI’s leverage declining more meaningfully than previously anticipated over 2021,” he said. “The company entered the year with momentum, having not only accelerated the expansion of its Modular Space Solutions (MSS) segment with the acquisition of US-based Vanguard, but also secured a grant to transition its digital workplace travel platform, LodgeLink, from concept to scale. More recently, however, good news has been coming from Workforce Solutions (WFS). Year-to-date, the segment has already secured over $36 mln of revenue for a sizable infrastructure project in Australia, change orders related to assets in support of the Coastal GasLink construction in B.C., and additional sales and rental projects in Eastern Canada. In light of these developments, and signs that the Canadian oil patch is open for business again, we are optimistic the bottom is in for WFS.”

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