Boyd Group Services Inc. (TSE:BYD) Receives Average Rating of “Buy” from Brokerages

Shares of Boyd Group Services Inc. (TSE:BYD) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$230.00.

BYD has been the subject of several analyst reports. ATB Cormark Capital Markets increased 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 note on Thursday, August 13th. Desjardins cut 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 research report on Thursday, August 13th. Scotia lowered their price target on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 14th. TD raised their price objective 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. Finally, Stifel Nicolaus reduced their target price on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a research note on Thursday, May 14th.

Boyd Group Services Stock Down 1.8%

Shares of TSE BYD opened at C$118.11 on Friday. The stock has a market capitalization of C$3.29 billion, a P/E ratio of 262.47, a P/E/G ratio of -56.72 and a beta of 1.02. The company has a 50-day moving average price of C$137.71 and a 200-day moving average price of C$166.57. Boyd Group Services has a 1 year low of C$116.66 and a 1 year high of C$248.23. The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The company had revenue of C$1.44 billion for the quarter. On average, equities research analysts forecast that Boyd Group Services will post 7.1452646 EPS 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 .