Boyd Group Services (TSE:BYD) Given a C$264.00 Price Target by Scotiabank Analysts

Boyd Group Services (TSE:BYD) has been assigned a C$264.00 price target by Scotiabank in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 18.38% from the company’s current price.

BYD has been the subject of several other reports. ATB Capital boosted their target price on Boyd Group Services from C$275.00 to C$280.00 in a research report on Thursday, November 13th. TD Securities lifted their price objective on shares of Boyd Group Services from C$280.00 to C$290.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada boosted their price objective on shares of Boyd Group Services from C$272.00 to C$291.00 in a report on Wednesday, November 5th. CIBC increased their target price on shares of Boyd Group Services from C$270.00 to C$280.00 in a report on Wednesday, November 5th. Finally, Cormark raised shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$265.45.

Boyd Group Services Trading Up 1.4%

BYD traded up C$3.03 during trading on Wednesday, reaching C$223.01. 49,048 shares of the company’s stock were exchanged, compared to its average volume of 39,164. The company’s fifty day moving average price is C$222.30 and its 200-day moving average price is C$219.27. The firm has a market capitalization of C$6.21 billion, a PE ratio of 301.36, a P/E/G ratio of -56.72 and a beta of 0.17. Boyd Group Services has a fifty-two week low of C$186.10 and a fifty-two week high of C$258.17. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, November 12th. The company reported C$0.62 earnings per share for the quarter. Boyd Group Services had a return on equity of 4.93% and a net margin of 1.35%.The company had revenue of C$1.10 billion for the quarter. As a group, equities analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current year.

About Boyd Group Services

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 .