Brokerages Set Boyd Group Services Inc. (TSE:BYD) Target Price at C$262.58

Boyd Group Services Inc. (TSE:BYD) has been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$262.58.

BYD has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Jefferies Financial Group cut their price objective on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. TD Securities cut their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Canadian Imperial Bank of Commerce cut their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a research note on Tuesday, April 7th. Finally, Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$270.00 to C$265.00 in a research note on Friday, March 20th.

Boyd Group Services Price Performance

Shares of TSE BYD opened at C$168.92 on Friday. Boyd Group Services has a 1-year low of C$159.55 and a 1-year high of C$248.23. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. The business’s fifty day moving average price is C$204.09 and its two-hundred day moving average price is C$215.96. The firm has a market capitalization of C$4.70 billion, a PE ratio of 206.00, a P/E/G ratio of -56.72 and a beta of 0.85.

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. The firm had revenue of C$1.04 billion for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. On average, research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Buying and Selling at Boyd Group Services

In related news, insider Brian Kaner acquired 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the purchase, the insider directly owned 1,780 shares in the company, valued at C$308,705.40. This trade represents a 196.67% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate insiders.

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 .