Boyd Group Services Inc. (TSE:BYD) Receives Consensus Recommendation of “Buy” from Analysts

Boyd Group Services Inc. (TSE:BYD) has received a consensus recommendation of “Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$236.92.

BYD has been the topic of a number of recent research reports. TD dropped their price target on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Raymond James Financial lowered their price objective on shares of Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. Royal Bank Of Canada dropped their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a report on Friday, May 15th. Desjardins cut their target price on shares of Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Boyd Group Services from C$275.00 to C$205.00 in a report on Thursday, May 14th.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at C$135.99 on Thursday. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60. The company has a market capitalization of C$3.78 billion, a PE ratio of 206.05, a P/E/G ratio of -56.72 and a beta of 1.00. The company has a 50 day moving average price of C$143.46 and a 200-day moving average price of C$186.43. Boyd Group Services has a fifty-two week low of C$125.16 and a fifty-two week high of C$248.23.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$1.39 billion for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. As a group, equities analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey acquired 500 shares of Boyd Group Services stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the purchase, the director directly owned 3,350 shares of the company’s stock, valued at approximately C$502,500. This represents a 17.54% increase in their position. 0.37% of the stock is currently owned by insiders.

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 .