Boyd Group Services (TSE:BYD) Price Target Cut to C$275.00 by Analysts at Canadian Imperial Bank of Commerce

Boyd Group Services (TSE:BYD) had its target price reduced by research analysts at Canadian Imperial Bank of Commerce from C$280.00 to C$275.00 in a research note issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 62.26% from the stock’s current price.

BYD has been the subject of a number of other reports. Stifel Nicolaus dropped 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. Raymond James Financial dropped 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 objective on shares of Boyd Group Services and gave the company an “outperform” rating in a report on Wednesday, January 14th. Royal Bank Of Canada lowered their target price on shares of Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Finally, Jefferies Financial Group lowered their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Two 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$262.58.

Boyd Group Services Trading Down 2.2%

Shares of BYD traded down C$3.88 on Tuesday, reaching C$169.48. 39,434 shares of the company’s stock were exchanged, compared to its average volume of 76,939. 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 stock has a market capitalization of C$4.72 billion, a P/E ratio of 206.68, a price-to-earnings-growth ratio of -56.72 and a beta of 0.85. The business has a 50 day moving average price of C$216.43 and a two-hundred day moving average price of C$220.67. Boyd Group Services has a 12 month low of C$165.60 and a 12 month high of C$248.23.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. The business 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%. Research analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling

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