Desjardins Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price target reduced by investment analysts at Desjardins from C$260.00 to C$240.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 67.38% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada lowered their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Jefferies Financial Group lowered their price objective on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Raymond James Financial lowered their price objective on Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. Finally, BMO Capital Markets lowered their price objective on Boyd Group Services from C$250.00 to C$200.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boyd Group Services currently has a consensus rating of “Buy” and a consensus target price of C$238.71.

Boyd Group Services Price Performance

Boyd Group Services stock traded up C$8.85 during midday trading on Thursday, reaching C$143.39. 84,068 shares of the stock traded hands, compared to its average volume of 90,820. The stock’s fifty day moving average is C$181.57 and its 200-day moving average is C$209.87. Boyd Group Services has a 12 month low of C$129.74 and a 12 month high of C$248.23. The stock has a market cap of C$3.99 billion, a P/E ratio of 174.87, a PEG ratio of -56.72 and a beta of 0.75. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. The company had revenue of C$1.39 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. As a group, equities research analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner purchased 1,180 shares of Boyd Group Services stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the acquisition, the insider owned 1,780 shares in the company, valued at C$308,705.40. This represents a 196.67% increase in their position. Insiders own 0.37% of the company’s stock.

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 .