Boyd Group Services (TSE:BYD) Price Target Raised to C$200.00

Boyd Group Services (TSE:BYD) had its target price lifted by TD from C$190.00 to C$200.00 in a research report report published on Thursday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

BYD has been the topic of a number of other research reports. Stifel Nicolaus lowered their target price on shares of 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. BMO Capital Markets dropped their target price on Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday. Desjardins cut their price target on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating for the company in a report on Thursday, May 14th. National Bank Financial reduced their price target on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Royal Bank Of Canada decreased their price objective on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$230.00.

Boyd Group Services Price Performance

BYD opened at C$131.33 on Thursday. The firm has a 50-day moving average price of C$139.27 and a 200-day moving average price of C$171.95. Boyd Group Services has a twelve month low of C$125.16 and a twelve month high of C$248.23. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. The company 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.

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

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 500 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the acquisition, the director directly owned 3,350 shares in the company, valued at approximately C$502,500. The trade was a 17.54% increase in their position. 0.37% of the stock is currently owned by insiders.

Boyd Group Services News Summary

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 .