Boyd Group Services (TSE:BYD) Price Target Raised to C$208.00

Boyd Group Services (TSE:BYD) had its price target increased by Canadian Imperial Bank of Commerce from C$205.00 to C$208.00 in a report published on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. TD lowered their price target on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. National Bank Financial reduced their price objective on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Desjardins decreased their price objective on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Stifel Nicolaus lowered their target price on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, BMO Capital Markets lowered their target price on Boyd Group Services from C$200.00 to C$190.00 in a research report 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 data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Price Performance

TSE BYD opened at C$131.33 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. Boyd Group Services has a 12-month low of C$125.16 and a 12-month high of C$248.23. The company has a market capitalization of C$3.66 billion, a PE ratio of 291.84, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The firm’s 50 day moving average is C$139.27 and its 200-day moving average is C$171.95.

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

Insider Activity

In other news, Director Robert Berthold Espey bought 500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of C$150.00 per share, with a total value of C$75,000.00. Following the acquisition, the director owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their ownership of the stock. Insiders own 0.37% of the company’s stock.

Boyd Group Services News Summary

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

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 .