Jefferies Financial Group Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Key Points

• Jefferies lowered its price target on Boyd Group Services from C$275 to C$250, a level that still implies about a 31.55% upside from the stock's previous close.
• Analysts overall rate the stock a "Buy" with an average price target of C$259.31, while individual banks vary—Scotiabank C$264 (Outperform), RBC cut to C$267 and CIBC raised to C$290.
• Shares traded down to C$190.04 intraday, and the company shows stretched fundamentals including a high PE of 256.81, debt-to-equity of 158.71 and a slim net margin of 0.52% despite C$1.04B in quarterly revenue.

Boyd Group Services (TSE:BYD - Get Free Report) had its price objective cut by equities researchers at Jefferies Financial Group from C$275.00 to C$250.00 in a report released on Thursday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 31.55% from the stock's previous close.

A number of other research analysts have also weighed in on the stock. Scotiabank set a C$264.00 price objective on shares of Boyd Group Services and gave the company an "outperform" rating in a research note on Wednesday, January 14th. Royal Bank Of Canada decreased their target price 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 upped their target price on shares of Boyd Group Services from C$280.00 to C$290.00 in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Boyd Group Services has a consensus rating of "Buy" and an average price target of C$259.31.

Boyd Group Services Stock Down 1.5%

Shares of TSE BYD traded down C$2.80 during midday trading on Thursday, hitting C$190.04. 57,106 shares of the stock traded hands, compared to its average volume of 57,163. The company has a debt-to-equity ratio of 158.71, a quick ratio of 0.30 and a current ratio of 0.70. Boyd Group Services has a one year low of C$184.20 and a one year high of C$248.23. The business has a 50 day moving average price of C$227.31 and a two-hundred day moving average price of 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 (EPS) 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 analysts predict that Boyd Group Services will post 7.1452646 EPS for the current 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 .

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.