Canadian Imperial Bank of Commerce Lowers Boyd Group Services (TSE:BYD) Price Target to C$280.00

Boyd Group Services (TSE:BYD) had its price objective dropped by equities research analysts at Canadian Imperial Bank of Commerce from C$290.00 to C$280.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 47.34% from the stock’s current price.

Several other research analysts also recently commented on BYD. Scotiabank set a C$264.00 target price on shares of Boyd Group Services and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Jefferies Financial Group cut their price objective on Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday. Finally, Royal Bank Of Canada lowered their target price on Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$259.31.

Boyd Group Services Stock Performance

Shares of BYD stock traded down C$2.80 during trading on Thursday, reaching C$190.04. The company had a trading volume of 57,106 shares, compared to its average volume of 57,163. The firm’s 50 day simple moving average is C$227.31 and its two-hundred day simple moving average is C$225.43. Boyd Group Services has a one year low of C$184.20 and a one year high of C$248.23. The company has a debt-to-equity ratio of 158.71, a current ratio of 0.70 and a quick ratio of 0.30. The company has a market capitalization of C$5.29 billion, a PE ratio of 256.81, a PEG ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD) last announced its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. Boyd Group Services had a return on equity of 1.91% and a net margin of 0.52%.The firm had revenue of C$1.04 billion during the quarter. Sell-side analysts forecast that Boyd Group Services will post 7.1452646 earnings per share 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 .