Analysts Set Boyd Group Services Inc. (TSE:BYD) Price Target at C$236.92

Boyd Group Services Inc. (TSE:BYD) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Eleven research 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 ratings on the stock in the last year is C$236.92.

Several equities research analysts have recently issued reports on the company. National Bank Financial lowered their price target on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada decreased their target price on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. Desjardins decreased their target price on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Stifel Nicolaus lowered their target price on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce dropped their price target on Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday, May 14th.

Insider Activity

In related news, Director Robert Berthold Espey acquired 500 shares of the stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the purchase, the director owned 3,350 shares in the company, valued at approximately C$502,500. The trade was a 17.54% increase in their position. Insiders own 0.37% of the company’s stock.

Boyd Group Services Price Performance

TSE BYD opened at C$154.53 on Monday. Boyd Group Services has a 1 year low of C$125.16 and a 1 year high of C$248.23. The company has a fifty day simple moving average of C$140.51 and a 200 day simple moving average of C$178.45. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31. The company has a market cap of C$4.30 billion, a P/E ratio of 234.14, a P/E/G ratio of -56.72 and a beta of 1.00.

Boyd Group Services (TSE:BYD) last announced its earnings results on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$1.39 billion for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. On average, sell-side analysts predict 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 .