Boyd Group Services (TSE:BYD) Hits New 52-Week Low – Should You Sell?

Boyd Group Services Inc. (TSE:BYD)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as C$109.50 and last traded at C$111.77, with a volume of 27364 shares trading hands. The stock had previously closed at C$111.70.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD raised their target price on shares of Boyd Group Services from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada decreased their target price on Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating on the stock in a research report on Monday, September 14th. Jefferies Financial Group lowered their target price on Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday, August 13th. ATB Cormark Capital Markets boosted their price target on Boyd Group Services from C$245.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Boyd Group Services from C$205.00 to C$208.00 in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$221.29.

Boyd Group Services Price Performance

The company’s fifty day moving average price is C$127.71 and its 200 day moving average price is C$145.54. The company has a market capitalization of C$3.09 billion, a P/E ratio of 247.00, a PEG ratio of -56.72 and a beta of 0.93. 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 business had revenue of C$1.44 billion during 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 forecast that Boyd Group Services Inc. will post 7.1452646 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeff Murray bought 350 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was purchased at an average cost of C$111.17 per share, for a total transaction of C$38,909.50. Following the transaction, the insider owned 7,700 shares in the company, valued at C$856,009. The trade was a 4.76% increase in their position. 0.37% of the stock is owned by corporate insiders.

Boyd Group Services Company Profile

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 .