Boyd Group Services Inc. (TSE:BYD) Receives C$263.42 Consensus Price Target from Brokerages

Boyd Group Services Inc. (TSE:BYD) has been given an average recommendation of “Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$263.42.

A number of equities research analysts have weighed in on BYD shares. Stifel Nicolaus decreased their price objective on Boyd Group Services from C$270.00 to C$265.00 in a report on Friday, March 20th. Royal Bank Of Canada dropped their target price on Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday, March 19th. Canadian Imperial Bank of Commerce cut their target price on Boyd Group Services from C$290.00 to C$280.00 in a research report on Thursday, March 19th. BMO Capital Markets decreased their price target on Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Finally, TD Securities lowered their price target on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th.

Boyd Group Services Trading Down 0.8%

Shares of BYD stock opened at C$174.42 on Tuesday. The firm has a fifty day moving average of C$221.61 and a 200-day moving average of C$222.88. The stock has a market cap of C$4.85 billion, a price-to-earnings ratio of 212.71, a P/E/G ratio of -56.72 and a beta of 0.40. Boyd Group Services has a 52-week low of C$172.70 and a 52-week high of C$248.23. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.30 and a current ratio of 3.14.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. Boyd Group Services had a net margin of 0.59% and a return on equity of 1.66%. The business had revenue of C$1.04 billion for the quarter. On average, equities research analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

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 .