Boyd Group Services (TSE:BYD) Given New C$231.00 Price Target at Scotia

Boyd Group Services (TSE:BYD) had its price target decreased by research analysts at Scotia from C$239.00 to C$231.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s target price would suggest a potential upside of 61.10% from the company’s previous close.

A number of other analysts have also recently weighed in on BYD. TD lowered their price objective on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James Financial lowered their price objective on Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Canadian Imperial Bank of Commerce lowered their price objective on Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday. 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. Finally, BMO Capital Markets lowered their price objective on Boyd Group Services from C$250.00 to C$200.00 in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$238.71.

Boyd Group Services Stock Up 6.6%

TSE BYD traded up C$8.85 during midday trading on Thursday, hitting C$143.39. 84,068 shares of the company traded hands, compared to its average volume of 90,820. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. The company has a market cap of C$3.99 billion, a PE ratio of 174.87, a price-to-earnings-growth ratio of -56.72 and a beta of 0.75. The company’s 50-day simple moving average is C$181.57 and its 200-day simple moving average is C$209.87. Boyd Group Services has a 52 week low of C$129.74 and a 52 week high of C$248.23.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share for the quarter. The firm had revenue of C$1.39 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. As a group, equities research analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brian Kaner purchased 1,180 shares of the stock in a transaction on Tuesday, March 31st. The stock was bought at an average price of C$173.43 per share, with a total value of C$204,647.40. Following the transaction, the insider owned 1,780 shares in the company, valued at C$308,705.40. The trade was a 196.67% increase in their position. Corporate insiders own 0.37% of the company’s stock.

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 .