Boyd Group Services (TSE:BYD) Price Target Cut to C$210.00 by Analysts at Scotiabank

Boyd Group Services (TSE:BYDGet Free Report) had its price objective lowered by stock analysts at Scotiabank from C$219.00 to C$210.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 61.71% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Scotia lowered their target price on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a report on Thursday, May 14th. TD lifted their price objective on Boyd Group Services from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday. Desjardins lowered their price objective on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group dropped their target price on shares of Boyd Group Services from C$250.00 to C$225.00 in a report on Thursday. Finally, National Bank Financial raised their target price on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$230.00.

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Boyd Group Services Trading Down 11.3%

Shares of TSE BYD traded down C$16.51 during trading hours on Thursday, reaching C$129.86. The stock had a trading volume of 331,404 shares, compared to its average volume of 91,194. 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 firm has a market cap of C$3.61 billion, a price-to-earnings ratio of 196.76, a P/E/G ratio of -56.72 and a beta of 1.02. The business’s fifty day moving average price is C$139.86 and its two-hundred day moving average price is C$172.90. Boyd Group Services has a 52-week low of C$125.16 and a 52-week high of C$248.23.

Boyd Group Services (TSE:BYDGet Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The company had revenue of C$1.44 billion for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. Analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Activity at Boyd Group Services

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

Boyd Group Services Company Profile

(Get Free Report)

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 .

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