BMO Capital Markets Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective reduced by BMO Capital Markets from C$250.00 to C$200.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 40.97% from the company’s current price.

BYD has been the subject of a number of other research reports. Stifel Nicolaus dropped their target price on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. TD Securities reduced their target price on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Canadian Imperial Bank of Commerce dropped their price objective on Boyd Group Services from C$280.00 to C$275.00 in a report on Tuesday, April 7th. Royal Bank Of Canada reduced their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. Finally, Scotiabank set a C$264.00 target price on Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services currently has an average rating of “Buy” and a consensus price target of C$237.14.

Boyd Group Services Stock Performance

Shares of BYD opened at C$141.87 on Thursday. The company’s 50 day simple moving average is C$177.96 and its 200 day simple moving average is C$208.88. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 173.01, a PEG 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. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The company had revenue of C$1.39 billion for the quarter. On average, sell-side analysts predict that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Activity at Boyd Group Services

In other news, insider Brian Kaner purchased 1,180 shares of Boyd Group Services stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of C$173.43 per share, with a total value of C$204,647.40. Following the transaction, the insider owned 1,780 shares in the company, valued at 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.

Boyd Group Services News Summary

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: Boyd Group reported record first-quarter 2026 sales of $996.7 million and adjusted EBITDA of $122.4 million, helped by market-share gains, same-store sales growth, and a strategic acquisition. Article Title
• Neutral Sentiment: Despite the strong top-line and EBITDA results, the stock fell after earnings, suggesting investors were disappointed by profitability, margin expectations, or forward guidance. Article Title
• Neutral Sentiment: Royal Bank of Canada lowered its price target to C$245 from C$267, still implying significant upside, but the cut adds to the cautious tone around the stock. Article Title
• Negative Sentiment: A broad group of analysts cut their targets, including TD to C$190, BMO to C$200, CIBC to C$205, Stifel to C$205, Scotia to C$231, Desjardins to C$240, and ATB Cormark to C$245, which likely weighed on sentiment and contributed to the decline in BYD shares. Article Title

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 .