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 Thursday . The stock traded as low as C$114.17 and last traded at C$114.86, with a volume of 64541 shares trading hands. The stock had previously closed at C$115.34.

Wall Street Analyst Weigh In

BYD has been the subject of a number of research reports. Jefferies Financial Group decreased 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. Canadian Imperial Bank of Commerce upped their target price on Boyd Group Services from C$205.00 to C$208.00 in a research report on Thursday, August 13th. TD increased their target price on 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. Scotiabank dropped 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, BMO Capital Markets cut their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a report 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Stock Up 10.5%

The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. The firm has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 277.78, a P/E/G ratio of -56.72 and a beta of 0.93. The stock has a 50 day moving average of C$134.35 and a 200 day moving average of C$156.54.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The firm had revenue of C$1.44 billion for the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%. As a group, analysts expect that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal 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 .