National Bank Financial Boosts Boyd Group Services (TSE:BYD) Price Target to C$270.00

Key Points

• National Bank Financial raised Boyd Group Services’ price target to C$270 from C$265 and maintained an “outperform” rating, implying roughly 108% upside from the stock’s C$129.86 price.
• Analyst sentiment remains broadly positive, with one “strong buy” and 11 “buy” ratings, although several firms recently lowered their targets; the consensus target is C$230.
• Boyd shares fell C$16.51 in Thursday trading and remain near their 12-month low, while the company reported C$1.14 in quarterly EPS on C$1.44 billion in revenue and carries high leverage and weak liquidity ratios.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price raised by equities research analysts at National Bank Financial from C$265.00 to C$270.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 107.92% from the stock's current price.

A number of other analysts have also issued reports on the company. Canadian Imperial Bank of Commerce boosted their price objective on Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday. BMO Capital Markets cut their target price on Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday. Desjardins reduced their target price on Boyd Group Services from C$260.00 to C$240.00 and set a "buy" rating for the company in a report on Thursday, May 14th. Scotia decreased their price target on Boyd Group Services from C$239.00 to C$231.00 and set a "sector outperform" rating on the stock in a research report on Thursday, May 14th. Finally, ATB Cormark Capital Markets lowered their price target on shares of Boyd Group Services from C$285.00 to C$245.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$230.00.

Boyd Group Services Stock Performance

Boyd Group Services stock traded down C$16.51 during mid-day 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. The firm's fifty day moving average price is C$139.86 and its two-hundred day moving average price is C$172.90. 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 has a 12-month low of C$125.16 and a 12-month high of C$248.23. The company has a market capitalization of C$3.61 billion, a P/E ratio of 196.76, a PEG ratio of -56.72 and a beta of 1.02.

Boyd Group Services (TSE:BYD - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (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 for the quarter. Sell-side analysts predict that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Transactions at Boyd Group Services

In related news, Director Robert Berthold Espey bought 500 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the transaction, the director directly owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their position. 0.37% of the stock is currently owned by 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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