Desjardins Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective lowered by Desjardins from C$260.00 to C$240.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 69.17% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. National Bank Financial decreased their price objective on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Raymond James Financial cut their price objective on shares of Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Canadian Imperial Bank of Commerce lowered their target price on Boyd Group Services from C$275.00 to C$205.00 in a research note on Thursday. Jefferies Financial Group dropped their price objective on shares of Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday, March 19th. Finally, BMO Capital Markets reduced their price target on shares of Boyd Group Services from C$250.00 to C$200.00 in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Boyd Group Services presently has an average rating of “Buy” and an average price target of C$237.14.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$141.87 on Thursday. The stock’s fifty day simple moving average is C$177.96 and its 200-day simple moving average is C$208.88. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31. Boyd Group Services has a 1-year low of C$129.74 and a 1-year high of C$248.23. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 173.01, a P/E/G ratio of -56.72 and a beta of 0.75.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%.The firm had revenue of C$1.39 billion during the quarter. On average, sell-side analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner acquired 1,180 shares of the company’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 completion of the acquisition, the insider owned 1,780 shares of the company’s stock, valued at approximately C$308,705.40. This trade represents a 196.67% increase in their position. 0.37% of the stock is currently owned by corporate insiders.

Key Boyd Group Services News

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

• Positive Sentiment: Boyd Group reported record first-quarter 2026 sales of $996.7 million and adjusted EBITDA of $122.4 million, helped by market-share gains, same-store sales growth, and a strategic acquisition. Article Title
• Neutral Sentiment: Despite the strong top-line and EBITDA results, the stock fell after earnings, suggesting investors were disappointed by profitability, margin expectations, or forward guidance. Article Title
• Neutral Sentiment: Royal Bank of Canada lowered its price target to C$245 from C$267, still implying significant upside, but the cut adds to the cautious tone around the stock. Article Title
• Negative Sentiment: A broad group of analysts cut their targets, including TD to C$190, BMO to C$200, CIBC to C$205, Stifel to C$205, Scotia to C$231, Desjardins to C$240, and ATB Cormark to C$245, which likely weighed on sentiment and contributed to the decline in BYD shares. Article Title

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 .