Boyd Group Services Inc. (TSE:BYD) Stock Has Average Target Price of C$219.50 According to Analysts

Boyd Group Services Inc. (TSE:BYD) has earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$219.50.

BYD has been the subject of several recent research reports. Royal Bank Of Canada dropped their price target on Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating for the company in a research report on Monday, September 14th. National Bank Financial boosted their price target on Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group reduced their price objective on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. Desjardins decreased their price objective on Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Mizuho set a C$120.00 price objective on Boyd Group Services and gave the company an “outperform” rating in a research note on Friday, September 18th.

Boyd Group Services Stock Performance

Shares of BYD opened at C$111.32 on Friday. The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30. The firm has a 50 day simple moving average of C$121.78 and a 200-day simple moving average of C$140.44. Boyd Group Services has a 1-year low of C$107.53 and a 1-year high of C$248.23. The stock has a market cap of C$3.10 billion, a price-to-earnings ratio of 247.38, a price-to-earnings-growth ratio of -56.72 and a beta of 1.10.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data 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 firm had revenue of C$1.44 billion during the quarter. Equities analysts forecast that Boyd Group Services will post 7.15 EPS for the current fiscal year.

Insider Transactions at Boyd Group Services

In other news, insider Jeff Murray bought 350 shares of Boyd Group Services stock in a transaction on Monday, September 28th. The shares were bought at an average cost of C$111.17 per share, for a total transaction of C$38,909.50. Following the acquisition, the insider owned 7,700 shares in the company, valued at approximately C$856,009. This trade represents a 4.76% increase in their ownership of the stock. Company 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 .