National Bank Financial Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its target price cut by analysts at National Bank Financial from C$290.00 to C$265.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 58.32% from the company’s previous close.

BYD has been the subject of a number of other reports. Raymond James Financial dropped their price target on Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada lowered their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. BMO Capital Markets lowered their price objective on Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday, March 19th. Finally, Jefferies Financial Group lowered their price objective on Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$263.83.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$0.53 during trading hours on Friday, reaching C$167.38. The company had a trading volume of 13,756 shares, compared to its average volume of 86,976. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.30 and a current ratio of 3.14. The stock has a fifty day moving average of C$192.88 and a 200-day moving average of C$212.78. The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 204.12, a PEG ratio of -56.72 and a beta of 0.85. Boyd Group Services has a 12-month low of C$159.55 and a 12-month high of C$248.23.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. On average, equities analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insiders Place Their Bets

In other Boyd Group Services news, insider Brian Kaner acquired 1,180 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was bought at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the transaction, the insider owned 1,780 shares of the company’s stock, valued at approximately C$308,705.40. The trade was a 196.67% 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 .