Boyd Group Services (TSE:BYD) Hits New 1-Year Low – Time to Sell?

Shares of Boyd Group Services Inc. (TSE:BYD) hit a new 52-week low during trading on Wednesday. The company traded as low as C$107.87 and last traded at C$109.61, with a volume of 103874 shares. The stock had previously closed at C$112.05.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BYD. Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. Royal Bank Of Canada cut their target price on shares of Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating on the stock in a research note on Monday, September 14th. BMO Capital Markets reduced their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. Scotiabank decreased their price target on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Finally, Desjardins lowered their price objective on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and a consensus price target of C$221.29.

Boyd Group Services Trading Up 1.4%

The stock’s fifty day moving average price is C$123.12 and its 200 day moving average price is C$141.61. The stock has a market cap of C$3.10 billion, a P/E ratio of 247.27, a PEG ratio of -56.72 and a beta of 1.10. The company has a current ratio of 0.58, a quick ratio of 0.30 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. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The company had revenue of C$1.44 billion during the quarter. Equities research analysts expect 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 other Boyd Group Services news, insider Jeff Murray bought 350 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was acquired at an average price of C$111.17 per share, with a total value of C$38,909.50. Following the completion of the purchase, the insider owned 7,700 shares of the company’s stock, valued at approximately C$856,009. This trade represents a 4.76% increase in their ownership of the stock. Corporate 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 .