Boyd Group Services Inc. (TSE:BYD) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Boyd Group Services Inc. (TSE:BYD) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$219.50.

Several analysts have issued reports on BYD shares. ATB Cormark Capital Markets upped their target price 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, August 13th. Desjardins lowered their price objective on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Scotiabank decreased their price target on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Royal Bank Of Canada lowered their target price on shares of Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating for the company in a report on Monday, September 14th. Finally, Jefferies Financial Group lowered their price objective on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th.

Insider Buying and Selling at Boyd Group Services

In related news, insider Jeff Murray acquired 350 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was purchased at an average cost of C$111.17 per share, with a total value of C$38,909.50. Following the completion of the acquisition, the insider directly owned 7,700 shares of the company’s stock, valued at approximately C$856,009. This trade represents a 4.76% increase in their ownership of the stock. 0.37% of the stock is owned by insiders.

Boyd Group Services Price Performance

BYD stock opened at C$124.97 on Wednesday. The firm has a 50 day moving average of C$116.35 and a 200-day moving average of C$155.81. The firm has a market capitalization of C$3.48 billion, a P/E ratio of 277.71, a price-to-earnings-growth ratio of -56.72 and a beta of 1.20. 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 has a 12 month low of C$107.53 and a 12 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. 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 for the quarter. As a group, sell-side analysts predict that Boyd Group Services will post 7.15 earnings per share for the current fiscal year.

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 .