Boyd Group Services (TSE:BYD) Given New C$270.00 Price Target at National Bank Financial

Boyd Group Services (TSE:BYD) had its price objective increased by equities research analysts at National Bank Financial from C$265.00 to C$270.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 107.92% from the company’s current price.

A number of other analysts also recently weighed in on BYD. Desjardins dropped their target price on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Scotia decreased their price target on shares of Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 14th. TD lifted their price target on shares of Boyd Group Services from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets lowered their price objective on shares of Boyd Group Services from C$200.00 to C$190.00 in a report on Thursday. Finally, Jefferies Financial Group cut their price objective on shares of Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, Boyd Group Services currently has an average rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Price Performance

BYD stock traded down C$16.51 during mid-day trading on Thursday, hitting C$129.86. 331,404 shares of the stock were exchanged, compared to its average volume of 91,194. The company has a debt-to-equity ratio of 119.31, a current ratio of 0.60 and a quick ratio of 0.30. The business has a fifty day moving average price of C$139.86 and a 200 day moving average price of C$172.90. Boyd Group Services has a 12 month low of C$125.16 and a 12 month high of C$248.23. The stock has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a PEG ratio of -56.72 and a beta of 1.02.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The firm had revenue of C$1.44 billion during the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. On average, sell-side analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Activity at Boyd Group Services

In related news, Director Robert Berthold Espey bought 500 shares of the stock in a transaction dated 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 purchase, the director owned 3,350 shares in the company, valued at approximately C$502,500. The trade was a 17.54% 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 .