Boyd Group Services (TSE:BYD) Price Target Cut to C$270.00 by Analysts at Raymond James Financial

Boyd Group Services (TSE:BYD) had its price objective dropped by analysts at Raymond James Financial from C$275.00 to C$270.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Raymond James Financial’s price target points to a potential upside of 59.43% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. TD Securities dropped their price objective on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Stifel Nicolaus decreased their target price on Boyd Group Services from C$270.00 to C$265.00 in a report on Friday, March 20th. BMO Capital Markets dropped their price target on Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Scotiabank set a C$264.00 price target on shares of Boyd Group Services and gave the company an “outperform” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. Two 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$263.00.

Boyd Group Services Trading Down 0.7%

Shares of BYD stock traded down C$1.14 during mid-day trading on Thursday, reaching C$169.35. The stock had a trading volume of 263,651 shares, compared to its average volume of 73,392. The firm has a market capitalization of C$4.71 billion, a PE ratio of 206.52, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The stock’s 50-day moving average price is C$219.61 and its two-hundred day moving average price is C$222.11. The company has a current ratio of 3.14, a quick ratio of 0.30 and a debt-to-equity ratio of 99.84. Boyd Group Services has a 52-week low of C$165.60 and a 52-week high of C$248.23.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. The company had revenue of C$1.04 billion during the quarter. Boyd Group Services had a net margin of 0.58% and a return on equity of 1.74%. Equities analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Kaner bought 1,180 shares of Boyd Group Services stock in a transaction on Tuesday, March 31st. The shares were purchased at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the acquisition, the insider owned 1,780 shares of the company’s stock, valued at approximately C$308,705.40. The trade was a 196.67% increase in their ownership of the stock. Insiders own 0.37% of the company’s stock.

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 .