Boyd Group Services (TSE:BYD) Reaches New 52-Week Low – What’s Next?

Boyd Group Services Inc. (TSE:BYD)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$124.35 and last traded at C$124.50, with a volume of 43886 shares. The stock had previously closed at C$126.68.

Analysts Set New Price Targets

Several brokerages recently weighed in on BYD. Stifel Nicolaus reduced their price objective on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Royal Bank Of Canada lowered their target price on Boyd Group Services from C$245.00 to C$236.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. National Bank Financial lifted their target price on Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Desjardins reduced their price target on Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce increased their price target on Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, Boyd Group Services currently has a consensus rating of “Buy” and a consensus price target of C$230.00.

Boyd Group Services Stock Down 4.1%

The firm has a market cap of C$3.38 billion, a price-to-earnings ratio of 269.98, a PEG ratio of -56.72 and a beta of 1.02. The firm has a 50 day moving average of C$138.38 and a 200 day moving average of C$168.57. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The firm had revenue of C$1.44 billion for the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%. As a group, sell-side analysts predict that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling at Boyd Group Services

In related news, Director Robert Berthold Espey acquired 500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the purchase, the director directly owned 3,350 shares of the company’s stock, valued at C$502,500. The trade was a 17.54% increase in their position. 0.37% of the stock is owned by corporate insiders.

About Boyd Group Services

Boyd Group Services Inc is a Canadian corporation and controls The Boyd Group Inc and its subsidiaries. Boyd Group Services Inc shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO and the New York Stock Exchange (NYSE) under the symbol BGSI. For more information on The Boyd Group Inc or Boyd Group Services Inc, please visit our website at https://www.boydgroup.com .