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

Boyd Group Services (TSE:BYD) had its price objective lowered by Scotiabank from C$219.00 to C$210.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 61.71% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce boosted their target price on Boyd Group Services from C$205.00 to C$208.00 in a research report on Thursday. Scotia reduced their target price on shares of Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus lowered their target price on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Desjardins cut their price target on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a report on Thursday. Finally, National Bank Financial increased their price objective on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$230.00.

Boyd Group Services Price Performance

Shares of TSE BYD traded down C$16.51 during mid-day trading on Thursday, hitting C$129.86. 331,404 shares of the company’s stock traded hands, compared to its average volume of 91,194. The company has a debt-to-equity ratio of 119.31, a current ratio of 0.60 and a quick ratio of 0.30. Boyd Group Services has a 1 year low of C$125.16 and a 1 year high of C$248.23. The company’s 50-day moving average is C$139.86 and its two-hundred day moving average is C$172.90. 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) last released its quarterly 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 company had revenue of C$1.44 billion during the quarter. On average, equities analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of the firm’s stock in a transaction dated 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 owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their ownership of the stock. Company insiders own 0.37% of the company’s stock.

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 .