Boyd Group Services (TSE:BYD) Insider Acquires C$204,647.40 in Stock

Boyd Group Services Inc. (TSE:BYD) insider Brian Kaner acquired 1,180 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was purchased at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the purchase, the insider owned 1,780 shares of the company’s stock, valued at C$308,705.40. This represents a 196.67% increase in their ownership of the stock.

Boyd Group Services Stock Up 0.7%

TSE:BYD opened at C$171.60 on Friday. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. Boyd Group Services Inc. has a 1-year low of C$165.60 and a 1-year high of C$248.23. The company has a 50-day moving average of C$218.54 and a 200 day moving average of C$221.76. The firm has a market cap of C$4.78 billion, a PE ratio of 209.27, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.The business had revenue of C$1.04 billion for the quarter. As a group, research analysts anticipate that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BYD has been the topic of several research reports. 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. Jefferies Financial Group dropped their price target on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Stifel Nicolaus cut 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 reduced their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Finally, TD Securities decreased their target price on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$263.00.

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 .