Boyd Group Services (TSE:BYD) Price Target Raised to C$200.00 at TD

Key Points

• TD raised Boyd Group Services’ price target to C$200 from C$190 and maintained a “buy” rating, implying 54.01% potential upside from the current price.
• Analyst sentiment remains positive, with one Strong Buy and 11 Buy ratings; the consensus target is C$230, despite several firms recently lowering their targets.
• BYD shares fell C$16.51 to C$129.86, near their 52-week low, while the company reported C$1.14 in quarterly EPS and C$1.44 billion in revenue.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price boosted by equities researchers at TD from C$190.00 to C$200.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD's target price points to a potential upside of 54.01% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Boyd Group Services from C$205.00 to C$208.00 in a report on Thursday. Royal Bank Of Canada dropped their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. ATB Cormark Capital Markets reduced their target price on shares of Boyd Group Services from C$285.00 to C$245.00 and set an "outperform" rating on the stock in a research report on Thursday, May 14th. Desjardins decreased their price target on shares of 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. Finally, Jefferies Financial Group lowered their price target on shares of Boyd Group Services from C$250.00 to C$225.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$230.00.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$16.51 during trading hours on Thursday, hitting C$129.86. 331,404 shares of the company's stock were exchanged, compared to its average volume of 91,194. The stock's 50-day moving average is C$139.86 and its 200-day moving average is C$172.90. The company has a debt-to-equity ratio of 119.31, a current ratio of 0.60 and a quick ratio of 0.30. The stock has a market cap 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. Boyd Group Services has a 52 week low of C$125.16 and a 52 week high of C$248.23.

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

Insider Activity

In other news, Director Robert Berthold Espey purchased 500 shares of the firm's 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 completion of 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 ownership of the stock. 0.37% of the stock is owned by company 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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