Boyd Group Services (TSE:BYD) Price Target Raised to C$270.00

Boyd Group Services (TSE:BYD) had its price objective hoisted by National Bank Financial from C$265.00 to C$270.00 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

BYD has been the subject of a number of other research reports. Scotia decreased their price objective on shares of Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a report on Thursday, May 14th. ATB Cormark Capital Markets dropped their target price on shares of Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. TD raised their target price on shares of Boyd Group Services from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Thursday. Canadian Imperial Bank of Commerce lifted their price target on shares of Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday. Finally, Royal Bank Of Canada lowered their price target on Boyd Group Services from C$267.00 to C$245.00 in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$230.00.

Boyd Group Services Trading Up 2.6%

BYD stock opened at C$131.33 on Thursday. Boyd Group Services has a fifty-two week low of C$125.16 and a fifty-two week high of C$248.23. The firm has a market cap of C$3.66 billion, a PE ratio of 291.84, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The firm has a fifty day moving average price of C$139.27 and a 200 day moving average price of C$171.95. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58.

Boyd Group Services (TSE:BYD) last announced its earnings results on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. The firm had revenue of C$1.44 billion during the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%. Sell-side analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert Berthold Espey acquired 500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the purchase, the director owned 3,350 shares of the company’s stock, valued at approximately C$502,500. This represents a 17.54% increase in their position. 0.37% of the stock is owned by company insiders.

Boyd Group Services News Roundup

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

• Positive Sentiment: National Bank, ATB Cormark, TD and CIBC raised their price targets, with targets ranging from C$200 to C$270. National Bank set the highest target at C$270 and maintained an “outperform” rating, while ATB Cormark upgraded its target to C$250 and retained “outperform.” BayStreet analyst ratings
• Positive Sentiment: A Seeking Alpha analysis described Boyd Group Services as a compellingly valued former high-performing company. The thesis suggests the recent share-price weakness may have created an attractive entry point if the company can restore stronger growth and profitability. Boyd Group Services: Compelling Valuation For A Past Star Performer
• Neutral Sentiment: Despite several target reductions, analysts remain broadly constructive: Desjardins and TD rate the stock “buy,” while RBC, ATB Cormark and National Bank rate it “outperform.” The revised targets still imply substantial potential upside from the referenced share price.
• Negative Sentiment: Desjardins, BMO Capital Markets, Jefferies, RBC and Scotiabank lowered their targets, including cuts to C$225, C$190, C$225, C$236 and C$210, respectively. These reductions indicate that analysts have moderated their expectations even while maintaining positive ratings. BayStreet analyst ratings

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 .