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

Boyd Group Services Inc. (TSE:BYD)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$114.17 and last traded at C$114.86, with a volume of 64541 shares. The stock had previously closed at C$115.34.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BYD. Scotiabank cut their target price on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 13th. Jefferies Financial Group lowered their price target on shares of Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. TD increased their price objective on shares of Boyd Group Services from C$190.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. National Bank Financial lifted their price objective on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Trading Down 1.1%

The firm has a market capitalization of C$3.17 billion, a PE ratio of 253.47, a price-to-earnings-growth ratio of -56.72 and a beta of 0.93. The company’s 50-day simple moving average is C$135.09 and its 200 day simple moving average is C$157.64. 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 data 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 firm had revenue of C$1.44 billion for the quarter. As a group, sell-side analysts expect that Boyd Group Services Inc. will post 7.1452646 EPS for the current year.

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 .