Boyd Group Services (TSE:BYD) Hits New 1-Year Low – Here’s What Happened

Shares of Boyd Group Services Inc. (TSE:BYD) reached a new 52-week low on Wednesday . The company traded as low as C$128.57 and last traded at C$129.25, with a volume of 30121 shares trading hands. The stock had previously closed at C$135.32.

Analysts Set New Price Targets

Several equities research analysts have commented on BYD shares. Scotia dropped their target price on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 14th. Raymond James Financial lowered their price target on Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Jefferies Financial Group dropped their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. ATB Cormark Capital Markets cut their price objective on shares of Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada dropped their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$236.92.

Boyd Group Services Stock Down 4.6%

The company’s 50 day simple moving average is C$154.02 and its 200-day simple moving average is C$197.19. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31. The firm has a market cap of C$3.59 billion, a P/E ratio of 195.50, a PEG ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The firm had revenue of C$1.39 billion during the quarter. Research analysts forecast that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Berthold Espey purchased 500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost 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 in the company, valued at approximately C$502,500. This represents a 17.54% increase in their position. Also, insider Brian Kaner acquired 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was purchased at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the acquisition, the insider directly owned 1,780 shares of the company’s stock, valued at C$308,705.40. This trade represents a 196.67% increase in their ownership of the stock. Insiders own 0.37% of the company’s stock.

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 .