Boyd Group Services (TSE:BYD) Price Target Raised to C$250.00 at ATB Cormark Capital Markets

Boyd Group Services (TSE:BYD) had its price objective hoisted by stock analysts at ATB Cormark Capital Markets from C$245.00 to C$250.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 92.52% from the stock’s current price.

Several other equities research analysts have also commented on BYD. Canadian Imperial Bank of Commerce boosted their price objective on Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday. Desjardins decreased their target price on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. TD lifted their price target on Boyd Group Services from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group dropped their price target on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday. Finally, National Bank Financial increased their price objective on Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, Boyd Group Services has a consensus rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Price Performance

Shares of TSE BYD traded down C$16.51 during trading on Thursday, hitting C$129.86. The company had a trading volume of 331,404 shares, compared to its average volume of 91,194. The stock has a fifty day simple moving average of C$139.86 and a two-hundred day simple moving average of C$172.90. Boyd Group Services has a fifty-two week low of C$125.16 and a fifty-two week high of C$248.23. The firm has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31.

Boyd Group Services (TSE:BYD) last released 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 net margin of 0.40% and a return on equity of 1.04%. On average, research analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert Berthold Espey bought 500 shares of the stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the acquisition, the director directly owned 3,350 shares in the company, valued at approximately C$502,500. This trade represents a 17.54% increase in their position. 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 .