Boyd Group Services Inc. (TSE:BYD) Receives C$236.92 Consensus Price Target from Brokerages

Boyd Group Services Inc. (TSE:BYD) has been given an average rating of “Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Eleven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$236.92.

BYD has been the topic of a number of research reports. Desjardins dropped their price target on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. TD lowered their target price on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce lowered their target price on Boyd Group Services from C$275.00 to C$205.00 in a report on Thursday, May 14th. Royal Bank Of Canada cut their price target on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets reduced their price target on shares of Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th.

Boyd Group Services Price Performance

Shares of TSE:BYD opened at C$144.91 on Monday. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60. The firm has a market cap of C$4.03 billion, a price-to-earnings ratio of 219.56, a price-to-earnings-growth ratio of -56.72 and a beta of 1.00. The business has a 50-day simple moving average of C$140.32 and a two-hundred day simple moving average of C$177.41. Boyd Group Services has a fifty-two week low of C$125.16 and a fifty-two week high of C$248.23.

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. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The firm had revenue of C$1.39 billion during the quarter. On average, analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the transaction, the director owned 3,350 shares of the company’s stock, valued at C$502,500. This represents a 17.54% increase in their position. Company 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 .