CIBC World Markets Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD) had its price target boosted by stock analysts at CIBC World Markets from C$280.00 to C$290.00 in a note issued to investors on Saturday,BayStreet.CA reports. CIBC World Markets’ price objective indicates a potential upside of 19.37% from the company’s previous close.

Several other equities research analysts have also recently weighed in on BYD. Cormark raised Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. ATB Capital lifted their price target on Boyd Group Services from C$275.00 to C$280.00 in a research report on Thursday, November 13th. Desjardins upgraded Boyd Group Services to a “moderate buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada raised their price objective on Boyd Group Services from C$272.00 to C$291.00 in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus boosted their target price on shares of Boyd Group Services from C$265.00 to C$275.00 in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and a consensus price target of C$268.33.

Boyd Group Services Stock Up 4.2%

TSE:BYD traded up C$9.83 during trading hours on Friday, hitting C$242.94. 52,728 shares of the company traded hands, compared to its average volume of 41,009. Boyd Group Services has a one year low of C$186.10 and a one year high of C$258.17. The company has a market cap of C$6.76 billion, a PE ratio of 328.30, a PEG ratio of -56.72 and a beta of 0.26. The firm’s 50-day simple moving average is C$224.82 and its 200-day simple moving average is C$221.01. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C$0.62 EPS for the quarter. The company had revenue of C$1.10 billion during the quarter. Boyd Group Services had a return on equity of 4.93% and a net margin of 1.35%. Equities analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current 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 .