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

Boyd Group Services Inc. (TSE:BYD) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$112.34 and last traded at C$113.93, with a volume of 17244 shares traded. The stock had previously closed at C$114.16.

Analyst Ratings Changes

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

Boyd Group Services Stock Down 0.5%

The company has a market capitalization of C$3.16 billion, a P/E ratio of 252.42, a price-to-earnings-growth ratio of -56.72 and a beta of 0.93. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58. The firm’s fifty day moving average is C$132.45 and its 200-day moving average is C$151.83.

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

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 .