Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD) had its price objective lifted by equities research analysts at Canadian Imperial Bank of Commerce from C$280.00 to C$290.00 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 19.37% from the company’s previous close.

BYD has been the subject of a number of other research reports. ATB Capital boosted their price objective on shares of Boyd Group Services from C$275.00 to C$280.00 in a research report on Thursday, November 13th. Cormark upgraded Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Desjardins upgraded Boyd Group Services to a “moderate buy” rating in a research report on Tuesday, November 4th. Stifel Nicolaus raised their price objective on Boyd Group Services from C$265.00 to C$275.00 in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada boosted their price objective on Boyd Group Services from C$272.00 to C$291.00 in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$268.33.

Boyd Group Services Price Performance

Shares of TSE:BYD opened at C$242.94 on Friday. The firm’s 50 day moving average price is C$224.82 and its 200-day moving average price is C$221.08. Boyd Group Services has a twelve month low of C$186.10 and a twelve month high of C$258.17. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94. The stock has a market capitalization of C$6.76 billion, a PE ratio of 328.30, a price-to-earnings-growth ratio of -56.72 and a beta of 0.26.

Boyd Group Services (TSE:BYD) last announced its earnings results on Wednesday, November 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 1.35% and a return on equity of 4.93%. The company had revenue of C$1.10 billion during the quarter. Equities research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

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 .