TD Securities Cuts Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its price target cut by TD Securities from C$290.00 to C$270.00 in a report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on BYD. Jefferies Financial Group lowered their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday. Canadian Imperial Bank of Commerce reduced their target price on shares of Boyd Group Services from C$290.00 to C$280.00 in a research report on Thursday. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday. Scotiabank set a C$264.00 price target on shares of Boyd Group Services and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, BMO Capital Markets dropped their price objective on shares of Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$263.42.

Boyd Group Services Stock Performance

TSE BYD opened at C$192.12 on Thursday. The company has a market cap of C$5.35 billion, a PE ratio of 234.29, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The stock’s 50 day simple moving average is C$226.27 and its 200-day simple moving average is C$224.97. Boyd Group Services has a 1-year low of C$184.20 and a 1-year high of C$248.23. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last issued its quarterly 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 1.66% and a net margin of 0.59%.The firm had revenue of C$1.04 billion for the quarter. As a group, equities research analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Key Stories Impacting Boyd Group Services

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: Raymond James cut its target from C$290 to C$275 but kept a “strong-buy” rating — this signals continued analyst confidence despite a modest target trim. Raymond James lowers target, keeps strong-buy
• Positive Sentiment: TD Securities lowered its target from C$290 to C$270 and maintained a “buy” rating, leaving a large percentage upside vs. the current price that can support investor optimism. TD Securities trims target, keeps buy Additional coverage
• Neutral Sentiment: Canadian Imperial Bank of Commerce lowered its target from C$290 to C$280 — target still implies meaningful upside from current levels. CIBC target cut
• Neutral Sentiment: Stifel Nicolaus trimmed its target from C$270 to C$265; the revision is modest and leaves a sizable implied upside. Stifel lowers target Additional coverage
• Neutral Sentiment: Royal Bank of Canada cut its target from C$294 to C$267 — another trim but still above current price. RBC lowers target
• Neutral Sentiment: Jefferies lowered its target from C$275 to C$250 — target reduction but not a rating flip. Jefferies trims target
• Neutral Sentiment: BMO Capital Markets cut its target from C$280 to C$250 — another downward revision that still leaves potential upside. BMO lowers target
• Negative Sentiment: Aggregate effect — several major dealers trimmed price targets in a short window, which signals analysts are tempering near-term expectations (margins, growth or macro risks). If investors focus on the cuts rather than retained buy ratings, that could pressure the stock. Summary of analyst actions

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 .