Boyd Group Services (TSE:BYD) Price Target Lowered to C$280.00 at Canadian Imperial Bank of Commerce

Boyd Group Services (TSE:BYD) had its price objective cut by Canadian Imperial Bank of Commerce from C$290.00 to C$280.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 47.34% from the stock’s previous close.

Other analysts have also issued research reports about the company. Jefferies Financial Group reduced their target price on Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday. Scotiabank set a C$264.00 price target on Boyd Group Services and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada reduced their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$259.31.

Boyd Group Services Trading Down 1.5%

Shares of BYD stock traded down C$2.80 during trading hours on Thursday, reaching C$190.04. 57,106 shares of the stock traded hands, compared to its average volume of 57,163. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 158.71. The firm has a market capitalization of C$5.29 billion, a PE ratio of 256.81, a PEG ratio of -56.72 and a beta of 0.40. Boyd Group Services has a 1-year low of C$184.20 and a 1-year high of C$248.23. The business has a fifty day moving average price of C$227.31 and a 200 day moving average price of C$225.43.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 EPS for the quarter. Boyd Group Services had a net margin of 0.52% and a return on equity of 1.91%. The firm had revenue of C$1.04 billion during the quarter. On average, equities research analysts forecast that Boyd Group Services will post 7.1452646 EPS 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 .