Jefferies Financial Group Lowers Boyd Group Services (TSE:BYD) Price Target to C$225.00

Key Points

• Jefferies cut Boyd Group Services’ price target to C$225 from C$250, while maintaining an implied upside of 73.26% from the stock’s current level. The analyst consensus remains “Buy,” with an average target of C$230.
• Boyd Group shares fell 11.3% to C$129.86, near their 12-month low of C$125.16, and are trading well below their 50-day and 200-day moving averages.
• The company reported quarterly revenue of C$1.44 billion and EPS of C$1.14, but posted a thin 0.40% net margin and 1.04% return on equity. Director Robert Berthold Espey also purchased 500 shares worth C$75,000.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price reduced by analysts at Jefferies Financial Group from C$250.00 to C$225.00 in a research note issued on Thursday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 73.26% from the stock's current price.

Several other brokerages have also recently issued reports on BYD. Scotia decreased their price objective on Boyd Group Services from C$239.00 to C$231.00 and set a "sector outperform" rating for the company in a research note on Thursday, May 14th. Stifel Nicolaus cut 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 research note on Thursday, May 14th. Canadian Imperial Bank of Commerce raised their target price on shares of Boyd Group Services from C$205.00 to C$208.00 in a report on Thursday. Desjardins decreased their price target on shares of Boyd Group Services from C$260.00 to C$240.00 and set a "buy" rating for the company in a research note on Thursday, May 14th. Finally, BMO Capital Markets decreased their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of "Buy" and a consensus price target of C$230.00.

Boyd Group Services Stock Down 11.3%

TSE:BYD traded down C$16.51 during midday trading on Thursday, reaching C$129.86. The company had a trading volume of 331,404 shares, compared to its average volume of 91,194. The firm has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a PEG ratio of -56.72 and a beta of 1.02. The stock's fifty day simple moving average is C$139.86 and its 200-day simple moving average is C$172.90. Boyd Group Services has a 12-month low of C$125.16 and a 12-month high of C$248.23. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31.

Boyd Group Services (TSE:BYD - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%.The firm had revenue of C$1.44 billion during the quarter. On average, sell-side analysts anticipate 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 bought 500 shares of Boyd Group Services stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of C$150.00 per share, with a total value of C$75,000.00. Following the acquisition, the director owned 3,350 shares of the company's stock, valued at approximately C$502,500. This trade represents a 17.54% increase in their ownership of the stock. Insiders own 0.37% of the company's stock.

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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