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

Boyd Group Services (TSE:BYD) had its price objective dropped by Desjardins from C$260.00 to C$240.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 67.38% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group dropped their price objective on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. ATB Cormark Capital Markets dropped their price objective on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank Of Canada dropped their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. BMO Capital Markets dropped their price objective on Boyd Group Services from C$250.00 to C$200.00 in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Boyd Group Services from C$275.00 to C$205.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$238.71.

Boyd Group Services Stock Performance

BYD traded up C$8.85 during midday trading on Thursday, reaching C$143.39. The company had a trading volume of 84,068 shares, compared to its average volume of 90,820. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84. The business has a 50-day moving average of C$181.57 and a two-hundred day moving average of C$209.87. The company has a market cap of C$3.99 billion, a P/E ratio of 174.87, a P/E/G ratio of -56.72 and a beta of 0.75. Boyd Group Services has a 1 year low of C$129.74 and a 1 year high of C$248.23.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. The business had revenue of C$1.39 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. As a group, equities research analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Kaner purchased 1,180 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was bought at an average cost 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 approximately C$308,705.40. This represents a 196.67% increase in their ownership of the stock. 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 .