Boyd Group Services (TSE:BYD) Given New C$231.00 Price Target at Scotia

Boyd Group Services (TSE:BYD) had its price target cut by Scotia from C$239.00 to C$231.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s price target would suggest a potential upside of 61.10% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus cut their price target on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Jefferies Financial Group cut their price target on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Canadian Imperial Bank of Commerce cut their price target on Boyd Group Services from C$275.00 to C$205.00 in a research note on Thursday. TD cut their price target on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a research note on Thursday. Finally, ATB Cormark Capital Markets cut their price target on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Boyd Group Services currently has a consensus rating of “Buy” and a consensus price target of C$238.71.

Boyd Group Services Stock Performance

BYD traded up C$8.85 on Thursday, reaching C$143.39. 84,068 shares of the stock were exchanged, compared to its average volume of 90,820. The company’s 50-day moving average price is C$181.57 and its 200 day moving average price is C$209.87. The firm has a market capitalization of C$3.99 billion, a PE ratio of 174.87, a PEG ratio of -56.72 and a beta of 0.75. Boyd Group Services has a fifty-two week low of C$129.74 and a fifty-two week high of C$248.23. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share for the quarter. The business had revenue of C$1.39 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. As a group, sell-side analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner purchased 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was purchased at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the purchase, the insider directly owned 1,780 shares in the company, valued at approximately C$308,705.40. This trade represents a 196.67% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate insiders.

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 .