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

Boyd Group Services (TSE:BYD) had its price objective cut by Raymond James Financial from C$275.00 to C$270.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on the company. TD Securities cut their target price on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Jefferies Financial Group decreased their target price on Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. Stifel Nicolaus dropped their price target on Boyd Group Services from C$270.00 to C$265.00 in a research note on Friday, March 20th. BMO Capital Markets cut their price target on Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada reduced their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$263.00.

Boyd Group Services Trading Up 0.7%

TSE BYD opened at C$171.60 on Thursday. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. The firm’s fifty day moving average price is C$218.54 and its 200 day moving average price is C$221.76. The company has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 209.27, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. 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 announced its quarterly earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. Boyd Group Services had a net margin of 0.58% and a return on equity of 1.74%. The firm had revenue of C$1.04 billion during the quarter. On average, sell-side analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Transactions at Boyd Group Services

In related news, insider Brian Kaner purchased 1,180 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the transaction, the insider directly owned 1,780 shares of the company’s stock, valued at approximately C$308,705.40. The trade was a 196.67% increase in their position. 0.37% of the stock is owned by company insiders.

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 .