Brokerages Set Boyd Group Services Inc. (TSE:BYD) PT at C$230.00

Boyd Group Services Inc. (TSE:BYD) has been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$230.00.

Several research firms have recently issued reports on BYD. Desjardins lowered their target price on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Scotiabank dropped their price objective on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 13th. TD boosted their price objective on Boyd Group Services from C$190.00 to C$200.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Scotia reduced their target price 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. Finally, Stifel Nicolaus reduced their target price on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a research note on Thursday, May 14th.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at C$121.49 on Friday. The firm has a market cap of C$3.38 billion, a PE ratio of 269.98, a P/E/G ratio of -56.72 and a beta of 1.02. Boyd Group Services has a 12 month low of C$121.01 and a 12 month high of C$248.23. The stock’s 50 day simple moving average is C$138.38 and its two-hundred day simple moving average is C$168.15. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The firm had revenue of C$1.44 billion for the quarter. Analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling at Boyd Group Services

In other news, Director Robert Berthold Espey acquired 500 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of C$150.00 per share, for a total transaction 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 position. 0.37% of the stock is currently 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 .