Boyd Group Services (TSE:BYD) Stock Price Expected to Rise, TD Analyst Says

Boyd Group Services (TSE:BYDGet Free Report) had its price objective upped by TD from C$190.00 to C$200.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price points to a potential upside of 54.01% from the stock’s previous close.

BYD has been the topic of several other reports. Jefferies Financial Group reduced their price target on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday. National Bank Financial dropped 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. Royal Bank Of Canada cut their target price on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. Scotia reduced their target price on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 14th. Finally, ATB Cormark Capital Markets decreased their target price on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$230.00.

Read Our Latest Stock Analysis on Boyd Group Services

Boyd Group Services Trading Down 11.3%

BYD stock traded down C$16.51 during midday trading on Thursday, reaching C$129.86. The company’s stock had a trading volume of 331,404 shares, compared to its average volume of 91,194. Boyd Group Services has a 52 week low of C$125.16 and a 52 week high of C$248.23. The stock has a market cap of C$3.61 billion, a PE ratio of 196.76, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31. The business’s 50-day simple moving average is C$139.86 and its 200-day simple moving average is C$172.90.

Boyd Group Services (TSE:BYDGet Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. The firm had revenue of C$1.44 billion during the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. As a group, sell-side analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Insiders Place Their Bets

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of Boyd Group Services stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the acquisition, 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. Corporate insiders own 0.37% of the company’s stock.

About Boyd Group Services

(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 .

Recommended Stories

Analyst Recommendations for Boyd Group Services (TSE:BYD)

Receive News & Ratings for Boyd Group Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Group Services and related companies with MarketBeat.com's FREE daily email newsletter.