Royal Bank Of Canada Lowers Boyd Group Services (TSE:BYD) Price Target to C$236.00

Boyd Group Services (TSE:BYD) had its price target decreased by Royal Bank Of Canada from C$245.00 to C$236.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 81.73% from the stock’s current price.

A number of other research firms have also commented on BYD. Scotia reduced their price target on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 14th. BMO Capital Markets lowered their price objective on Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday. ATB Cormark Capital Markets lifted their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday. TD upped their target price on Boyd Group Services from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group decreased their target price on shares of Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Trading Down 11.3%

Shares of TSE:BYD traded down C$16.51 during mid-day trading on Thursday, reaching C$129.86. 331,404 shares of the company’s stock were exchanged, compared to its average volume of 91,194. The firm has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a PEG ratio of -56.72 and a beta of 1.02. The business’s fifty day moving average price is C$139.86 and its 200-day moving average price is C$172.90. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60. Boyd Group Services has a twelve month low of C$125.16 and a twelve month high of C$248.23.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. The business had revenue of C$1.44 billion during the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. On average, research analysts predict that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Berthold Espey purchased 500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the transaction, the director owned 3,350 shares of the company’s stock, valued at C$502,500. The trade was a 17.54% increase in their position. Company 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 .