Boyd Group Services (TSE:BYD) Hits New 52-Week Low – Here’s What Happened

Boyd Group Services Inc. (TSE:BYD)’s stock price reached a new 52-week low on Wednesday . The stock 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 analysts recently issued reports on BYD shares. Desjardins lowered their price target on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating for the company in a report on Thursday, May 14th. TD Securities reduced their price objective on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. National Bank Financial decreased their target price on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. 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. Finally, Canadian Imperial Bank of Commerce reduced their price target on Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$236.92.

Boyd Group Services Stock Performance

The stock’s fifty day moving average is C$152.30 and its two-hundred day moving average is C$195.71. The firm has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 197.23, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60.

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

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner purchased 1,180 shares of Boyd Group Services stock in a transaction that occurred on Tuesday, March 31st. The stock was purchased at an average price of C$173.43 per share, with a total value of C$204,647.40. Following the completion of the acquisition, the insider owned 1,780 shares of the company’s stock, valued at approximately C$308,705.40. This trade represents a 196.67% increase in their position. Also, Director Robert Berthold Espey acquired 500 shares of the stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the purchase, the director owned 3,350 shares in the company, valued at C$502,500. This represents a 17.54% increase in their ownership of the stock. 0.37% of the stock is currently owned by 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 .