GDI Integrated Facility Services (TSE:GDI) Hits New 52-Week Low - Should You Sell?

Key Points

• Shares of GDI Integrated Facility Services hit a new 52-week low, trading as low as C$29.34 and closing at C$29.68.
• Research firms are adjusting their target prices, with TD Securities lowering its target from C$50.00 to C$47.00, while Scotiabank raised its target from C$41.00 to C$42.00.
• GDI's market capitalization stands at C$697.63 million, with a price-to-earnings ratio of 46.39 and a significant debt-to-equity ratio of 93.19.

GDI Integrated Facility Services Inc. (TSE:GDI - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$29.34 and last traded at C$29.68, with a volume of 24848 shares changing hands. The stock had previously closed at C$33.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GDI. TD Securities cut GDI Integrated Facility Services from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$47.00 to C$30.00 in a research note on Monday. National Bankshares decreased their target price on GDI Integrated Facility Services from C$41.50 to C$33.00 and set a "sector perform" rating for the company in a research note on Monday. Finally, Scotiabank boosted their target price on GDI Integrated Facility Services from C$41.00 to C$42.00 in a research note on Monday, May 12th.

GDI Integrated Facility Services Trading Down 5.3%

The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 93.19. The business's 50-day simple moving average is C$31.92 and its two-hundred day simple moving average is C$32.41. The company has a market capitalization of C$620.41 million, a PE ratio of 41.26 and a beta of 1.03.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc is engaged in the facility services sector. The company's operating segment includes Janitorial Canada, Janitorial USA, Technical services and Complementary Services. It generates maximum revenue from the Janitorial Canada segment. The Janitorial Canada and Janitorial USA segments provide a wide range of basic janitorial services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning, and dusting, as well as other building services including lawn maintenance, snow removal and other.