Boyd Group Services Inc. (TSE:BYD) Stock Has Consensus Price Target of C$219.50 According to Analysts

Boyd Group Services Inc. (TSE:BYD) has received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$219.50.

A number of analysts have recently commented on the stock. TD reduced their price target on shares of Boyd Group Services from C$200.00 to C$175.00 and set a “top pick” rating for the company in a research note on Friday, October 9th. BMO Capital Markets reduced their target price on Boyd Group Services from C$200.00 to C$190.00 in a report on Thursday, August 13th. Jefferies Financial Group dropped their price objective on shares of Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday, August 13th. Royal Bank Of Canada decreased their target price on Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating for the company in a research report on Monday, September 14th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th.

Boyd Group Services Trading Down 0.6%

Shares of BYD stock opened at C$124.99 on Wednesday. Boyd Group Services has a 52-week low of C$107.53 and a 52-week high of C$248.23. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58. The firm has a fifty day moving average of C$116.12 and a 200-day moving average of C$156.79. The stock has a market cap of C$3.48 billion, a price-to-earnings ratio of 277.76, a P/E/G ratio of -56.72 and a beta of 1.20.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 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. On average, equities research analysts forecast that Boyd Group Services will post 7.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boyd Group Services news, insider Jeff Murray bought 350 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of C$111.17 per share, with a total value of C$38,909.50. Following the purchase, the insider directly owned 7,700 shares in the company, valued at approximately C$856,009. This represents a 4.76% increase in their ownership of the stock. Company 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 .