Boyd Group Services (TSE:BYD) Price Target Cut to C$190.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets cut Boyd Group Services’ price target to C$190 from C$200, while still implying 46.31% upside from the stock’s C$129.86 trading price.
• Analyst sentiment remains positive, with one Strong Buy and eleven Buy ratings; the consensus price target is C$230, despite several recent target reductions.
• The stock fell C$16.51 in Thursday trading and remains near its 52-week low, while the company reported C$1.14 quarterly EPS and C$1.44 billion in revenue. Director Robert Berthold Espey also purchased 500 shares for C$75,000.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price lowered by BMO Capital Markets from C$200.00 to C$190.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective suggests a potential upside of 46.31% from the stock's current price.

BYD has been the topic of a number of other research reports. Desjardins dropped their price objective on Boyd Group Services from C$260.00 to C$240.00 and set a "buy" rating on the stock in a report on Thursday, May 14th. ATB Cormark Capital Markets reduced their target price on Boyd Group Services from C$285.00 to C$245.00 and set an "outperform" rating for the company in a report on Thursday, May 14th. Royal Bank Of Canada decreased their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a research report on Friday, May 15th. National Bank Financial lowered their price target on shares of Boyd Group Services from C$290.00 to C$265.00 and set an "outperform" rating on the stock in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Boyd Group Services from C$275.00 to C$205.00 in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$230.00.

Boyd Group Services Stock Performance

BYD traded down C$16.51 during trading on Thursday, reaching C$129.86. The company's stock had a trading volume of 331,404 shares, compared to its average volume of 91,194. Boyd Group Services has a 52-week low of C$125.16 and a 52-week high of C$248.23. The company's fifty day moving average price is C$139.86 and its 200-day moving average price is C$172.90. The company has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60.

Boyd Group Services (TSE:BYD - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The company had revenue of C$1.44 billion for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. On average, equities analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other news, Director Robert Berthold Espey purchased 500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the acquisition, the director directly owned 3,350 shares in the company, valued at approximately C$502,500. The trade was a 17.54% increase in their position. 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 .

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