TD Cuts Boyd Group Services (TSE:BYD) Price Target to C$175.00

Boyd Group Services (TSE:BYD) had its price target decreased by equities research analysts at TD from C$200.00 to C$175.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage presently has a “top pick” rating on the stock. TD’s price objective indicates a potential upside of 59.35% from the stock’s current price.

BYD has been the subject of several other research reports. BMO Capital Markets decreased their price objective on shares of Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Mizuho set a C$120.00 price objective on Boyd Group Services and gave the company an “outperform” rating in a research report on Friday, September 18th. Scotiabank reduced their target price on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 13th. Desjardins decreased their target price on Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, National Bank Financial boosted their target price on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$219.50.

Boyd Group Services Trading Down 1.3%

TSE:BYD traded down C$1.45 during midday trading on Friday, hitting C$109.82. 92,933 shares of the company traded hands, compared to its average volume of 100,449. The firm’s fifty day moving average is C$123.12 and its 200-day moving average is C$141.61. Boyd Group Services has a 12-month low of C$107.53 and a 12-month high of C$248.23. The firm has a market capitalization of C$3.06 billion, a P/E ratio of 244.04, a P/E/G ratio of -56.72 and a beta of 1.10. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The company had revenue of C$1.44 billion during the quarter. On average, sell-side analysts predict that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Activity

In other news, insider Jeff Murray purchased 350 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were purchased at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the completion of the purchase, the insider owned 7,700 shares in the company, valued at approximately C$856,009. This represents a 4.76% increase in their position. 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 .