Boyd Group Services (TSE:BYD) Given New C$225.00 Price Target at Jefferies Financial Group

Boyd Group Services (TSE:BYD) had its price target decreased by analysts at Jefferies Financial Group from C$250.00 to C$225.00 in a research report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 73.26% from the company’s previous close.

A number of other equities research analysts also recently commented on BYD. National Bank Financial reduced their target price on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a report on Friday, May 1st. BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday. TD dropped their target price on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a report on Thursday, May 14th. 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 report on Thursday. Finally, Desjardins decreased their price target on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock traded down C$16.51 during trading hours on Thursday, hitting C$129.86. 331,404 shares of the company were exchanged, compared to its average volume of 91,194. Boyd Group Services has a 1 year low of C$125.16 and a 1 year high of C$248.23. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31. The business has a 50-day moving average of C$139.86 and a 200-day moving average of C$172.90. The stock has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a P/E/G ratio of -56.72 and a beta of 1.02.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. The firm 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%. As a group, analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Activity

In other Boyd Group Services news, Director Robert Berthold Espey purchased 500 shares of Boyd Group Services stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the acquisition, the director directly owned 3,350 shares of the company’s stock, valued at approximately C$502,500. This trade represents a 17.54% increase in their ownership of the stock. 0.37% of the stock is owned by company insiders.

Boyd Group Services Company Profile

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 .