Desjardins Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its target price cut by equities researchers at Desjardins from C$270.00 to C$260.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 56.49% from the stock’s current price.

A number of other equities research analysts also recently issued reports on BYD. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. National Bank Financial decreased their price target on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a research note on Friday. Raymond James Financial decreased their price target on shares of Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. Scotiabank set a C$264.00 price target on shares of Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus decreased their price target on shares of Boyd Group Services from C$270.00 to C$265.00 in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and a consensus price target of C$263.00.

Boyd Group Services Price Performance

Shares of TSE:BYD traded down C$0.12 during midday trading on Monday, reaching C$166.14. 17,082 shares of the company were exchanged, compared to its average volume of 86,476. The company has a current ratio of 3.14, a quick ratio of 0.30 and a debt-to-equity ratio of 99.84. The business’s fifty day moving average is C$192.88 and its two-hundred day moving average is C$212.68. Boyd Group Services has a one year low of C$159.55 and a one year high of C$248.23. The stock has a market cap of C$4.62 billion, a PE ratio of 202.61, a price-to-earnings-growth ratio of -56.72 and a beta of 0.85.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. The firm had revenue of C$1.04 billion during the quarter. Boyd Group Services had a net margin of 0.58% and a return on equity of 1.74%. As a group, analysts predict 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, insider Brian Kaner bought 1,180 shares of Boyd Group Services stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average price of C$173.43 per share, with a total value of C$204,647.40. Following the completion of the purchase, the insider owned 1,780 shares in the company, valued at C$308,705.40. The trade was a 196.67% increase in their position. Corporate 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 .