Royal Bank Of Canada Cuts Boyd Group Services (TSE:BYD) Price Target to C$236.00

Boyd Group Services (TSE:BYD) had its price objective cut by Royal Bank Of Canada from C$245.00 to C$236.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. Stifel Nicolaus reduced their price objective on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Scotia decreased their target price on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 14th. National Bank Financial boosted their target price on Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday. Desjardins dropped their target price on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a report on Thursday. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$230.00.

Boyd Group Services Trading Up 2.6%

Shares of BYD stock opened at C$131.33 on Thursday. The stock’s fifty day moving average price is C$139.27 and its two-hundred day moving average price is C$171.95. The company has a market cap of C$3.66 billion, a PE ratio of 291.84, a P/E/G ratio of -56.72 and a beta of 1.02. Boyd Group Services has a fifty-two week low of C$125.16 and a fifty-two week high of C$248.23. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%.The company had revenue of C$1.44 billion for the quarter. Equities analysts predict that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Activity

In related news, Director Robert Berthold Espey purchased 500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the acquisition, the director owned 3,350 shares of the company’s stock, valued at approximately C$502,500. This represents a 17.54% increase in their ownership of the stock. Company insiders own 0.37% of the company’s stock.

Key Stories Impacting Boyd Group Services

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: National Bank, ATB Cormark, TD and CIBC raised their price targets, with targets ranging from C$200 to C$270. National Bank set the highest target at C$270 and maintained an “outperform” rating, while ATB Cormark upgraded its target to C$250 and retained “outperform.” BayStreet analyst ratings
• Positive Sentiment: A Seeking Alpha analysis described Boyd Group Services as a compellingly valued former high-performing company. The thesis suggests the recent share-price weakness may have created an attractive entry point if the company can restore stronger growth and profitability. Boyd Group Services: Compelling Valuation For A Past Star Performer
• Neutral Sentiment: Despite several target reductions, analysts remain broadly constructive: Desjardins and TD rate the stock “buy,” while RBC, ATB Cormark and National Bank rate it “outperform.” The revised targets still imply substantial potential upside from the referenced share price.
• Negative Sentiment: Desjardins, BMO Capital Markets, Jefferies, RBC and Scotiabank lowered their targets, including cuts to C$225, C$190, C$225, C$236 and C$210, respectively. These reductions indicate that analysts have moderated their expectations even while maintaining positive ratings. BayStreet analyst ratings

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 .