Boyd Group Services (TSE:BYD) Insider Purchases C$38,909.50 in Stock

Key Points

• Insider purchase: Jeff Murray bought 350 Boyd Group Services shares for approximately C$38,910, increasing his direct holdings by 4.76% to 7,700 shares.
• Stock performance and financial profile: Shares traded at C$111.46, near their 52-week low of C$110.11 and well below the 52-week high of C$248.23. The company reported C$1.14 in quarterly EPS on C$1.44 billion in revenue, but had thin profitability and elevated leverage.
• Analyst outlook remains positive: Despite several price-target reductions, analysts maintain an overall “Buy” rating, with an average target of C$221.29 compared with the recent share price.

Boyd Group Services Inc. (TSE:BYD - Get Free Report) insider Jeff Murray bought 350 shares of the company's stock in a transaction on Monday, September 28th. The shares were acquired at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the transaction, the insider directly owned 7,700 shares in the company, valued at C$856,009. This trade represents a 4.76% increase in their position.

Boyd Group Services Price Performance

Boyd Group Services stock traded up C$0.68 during midday trading on Tuesday, reaching C$111.46. The company's stock had a trading volume of 69,232 shares, compared to its average volume of 100,266. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58. Boyd Group Services Inc. has a fifty-two week low of C$110.11 and a fifty-two week high of C$248.23. The firm has a market capitalization of C$3.10 billion, a PE ratio of 247.69, a P/E/G ratio of -56.72 and a beta of 0.93. The stock's 50 day simple moving average is C$129.02 and its 200 day simple moving average is C$146.97.

Boyd Group Services (TSE:BYD - Get Free Report) last announced 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 firm had revenue of C$1.44 billion during the quarter. On average, equities research analysts forecast that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BYD shares. Royal Bank Of Canada cut 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. BMO Capital Markets lowered their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. ATB Cormark Capital Markets lifted their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Desjardins lowered their target price on Boyd Group Services from C$240.00 to C$225.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Finally, Scotiabank cut their price target on 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. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, Boyd Group Services has an average rating of "Buy" and an average price target of C$221.29.

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 .

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