Canadian Imperial Bank of Commerce Lowers Boyd Group Services (TSE:BYD) Price Target to C$205.00

Boyd Group Services (TSE:BYD) had its price objective decreased by equities researchers at Canadian Imperial Bank of Commerce from C$275.00 to C$205.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 42.97% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada lowered their price target on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. BMO Capital Markets lowered their price target on Boyd Group Services from C$250.00 to C$200.00 in a research report on Thursday. Scotiabank set a C$264.00 price target on Boyd Group Services and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Stifel Nicolaus lowered their price target on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group lowered their price target on Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Buy” and an average target price of C$238.71.

Boyd Group Services Stock Up 6.6%

Shares of TSE:BYD traded up C$8.85 during trading on Thursday, reaching C$143.39. 84,068 shares of the stock were exchanged, compared to its average volume of 90,820. 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 has a 1-year low of C$129.74 and a 1-year high of C$248.23. The stock has a fifty day moving average of C$181.57 and a two-hundred day moving average of C$209.87. The firm has a market cap of C$3.99 billion, a price-to-earnings ratio of 174.87, a price-to-earnings-growth ratio of -56.72 and a beta of 0.75.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.The company had revenue of C$1.39 billion for the quarter. Research analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Transactions at Boyd Group Services

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

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 .