Boyd Group Services (TSE:BYD) Price Target Lowered to C$270.00 at TD Securities

Key Points

• TD Securities cut its price target on Boyd Group Services from C$290 to C$270 while keeping a buy rating, which implies roughly a 42.08% upside from the company's previous close.
• Other firms also trimmed targets and, despite the cuts, MarketBeat shows a consensus rating of Buy (3 Strong Buy, 9 Buy, 1 Hold) with a consensus price target of C$259.31.
• Shares traded down to C$190.04 (‑1.5%), leaving the stock well below analyst targets; the company has a C$5.29B market cap, a very high P/E (256.81), low net margin (0.52%) and a high debt-to-equity ratio (158.71).

Boyd Group Services (TSE:BYD - Get Free Report) had its price target decreased by research analysts at TD Securities from C$290.00 to C$270.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 42.08% from the company's previous close.

BYD has been the topic of several other research reports. Scotiabank set a C$264.00 price objective on shares of Boyd Group Services and gave the stock an "outperform" rating in a report on Wednesday, January 14th. Jefferies Financial Group decreased their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday. BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$280.00 to C$250.00 in a report on Thursday. Royal Bank Of Canada dropped their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce cut their price target on Boyd Group Services from C$290.00 to C$280.00 in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Boyd Group Services presently has a consensus rating of "Buy" and a consensus price target of C$259.31.

Boyd Group Services Stock Down 1.5%

TSE:BYD traded down C$2.80 on Thursday, hitting C$190.04. The stock had a trading volume of 57,106 shares, compared to its average volume of 57,163. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 158.71. Boyd Group Services has a 52 week low of C$184.20 and a 52 week high of C$248.23. The business's fifty day moving average is C$227.31 and its 200 day moving average is C$225.43. The company has a market cap of C$5.29 billion, a PE ratio of 256.81, a P/E/G ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD - Get Free Report) last issued its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. Boyd Group Services had a return on equity of 1.91% and a net margin of 0.52%.The company had revenue of C$1.04 billion for the quarter. On average, equities research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

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 .

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