Desjardins Cuts Boyd Group Services (TSE:BYD) Price Target to C$225.00

Boyd Group Services (TSE:BYD) had its price objective reduced by Desjardins from C$240.00 to C$225.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

BYD has been the topic of a number of other research reports. BMO Capital Markets dropped their price objective on Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday. Jefferies Financial Group decreased their target price on shares of Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Royal Bank Of Canada dropped their price target on shares of Boyd Group Services from C$267.00 to C$245.00 in a research report on Friday, May 15th. Finally, National Bank Financial increased their price target on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Stock Performance

BYD opened at C$131.33 on Thursday. Boyd Group Services has a 52-week low of C$125.16 and a 52-week high of C$248.23. The firm has a market capitalization of C$3.66 billion, a PE ratio of 291.84, a PEG ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58. The business’s 50-day simple moving average is C$139.27 and its 200 day simple moving average is C$171.95.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. The firm had revenue of C$1.44 billion during the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%. As a group, sell-side analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of Boyd Group Services stock in a transaction dated 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 purchase, the director owned 3,350 shares of the company’s stock, valued at C$502,500. The trade was a 17.54% increase in their position. 0.37% of the stock is currently owned by company insiders.

More Boyd Group Services News

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: National Bank, ATB Cormark, TD and CIBC raised their price targets, with targets ranging from C$200 to C$270. National Bank set the highest target at C$270 and maintained an “outperform” rating, while ATB Cormark upgraded its target to C$250 and retained “outperform.” BayStreet analyst ratings
• Positive Sentiment: A Seeking Alpha analysis described Boyd Group Services as a compellingly valued former high-performing company. The thesis suggests the recent share-price weakness may have created an attractive entry point if the company can restore stronger growth and profitability. Boyd Group Services: Compelling Valuation For A Past Star Performer
• Neutral Sentiment: Despite several target reductions, analysts remain broadly constructive: Desjardins and TD rate the stock “buy,” while RBC, ATB Cormark and National Bank rate it “outperform.” The revised targets still imply substantial potential upside from the referenced share price.
• Negative Sentiment: Desjardins, BMO Capital Markets, Jefferies, RBC and Scotiabank lowered their targets, including cuts to C$225, C$190, C$225, C$236 and C$210, respectively. These reductions indicate that analysts have moderated their expectations even while maintaining positive ratings. BayStreet analyst ratings

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 .