Boyd Group Services (TSE:BYD) Price Target Raised to C$250.00

Boyd Group Services (TSE:BYD) had its target price boosted by ATB Cormark Capital Markets from C$245.00 to C$250.00 in a research report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also commented on BYD. TD lifted their price objective on Boyd Group Services from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Thursday. National Bank Financial upped their target price on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada cut their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a research report on Friday, May 15th. Desjardins reduced their target price on shares of Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$230.00.

Boyd Group Services Stock Up 2.6%

Shares of BYD opened at C$131.33 on Thursday. The firm has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 291.84, a PEG ratio of -56.72 and a beta of 1.02. 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 business’s fifty day moving average price is C$139.27 and its two-hundred day moving average price is C$171.95. Boyd Group Services has a 52 week low of C$125.16 and a 52 week high of C$248.23.

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

Insider Activity

In related news, Director Robert Berthold Espey acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the purchase, the director directly owned 3,350 shares in the company, valued at approximately C$502,500. This trade represents a 17.54% increase in their ownership of the stock. 0.37% of the stock is owned by corporate insiders.

Boyd Group Services News Roundup

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: National Bank, ATB Cormark, TD and CIBC raised their price targets, with targets ranging from C$200 to C$270. National Bank set the highest target at C$270 and maintained an “outperform” rating, while ATB Cormark upgraded its target to C$250 and retained “outperform.” BayStreet analyst ratings
• Positive Sentiment: A Seeking Alpha analysis described Boyd Group Services as a compellingly valued former high-performing company. The thesis suggests the recent share-price weakness may have created an attractive entry point if the company can restore stronger growth and profitability. Boyd Group Services: Compelling Valuation For A Past Star Performer
• Neutral Sentiment: Despite several target reductions, analysts remain broadly constructive: Desjardins and TD rate the stock “buy,” while RBC, ATB Cormark and National Bank rate it “outperform.” The revised targets still imply substantial potential upside from the referenced share price.
• Negative Sentiment: Desjardins, BMO Capital Markets, Jefferies, RBC and Scotiabank lowered their targets, including cuts to C$225, C$190, C$225, C$236 and C$210, respectively. These reductions indicate that analysts have moderated their expectations even while maintaining positive ratings. BayStreet analyst ratings

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 .