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

Boyd Group Services (TSE:BYD) had its price target reduced by Canadian Imperial Bank of Commerce from C$280.00 to C$275.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. TD Securities reduced their price target on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Raymond James Financial reduced 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. Royal Bank Of Canada reduced their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Stifel Nicolaus reduced 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. Finally, Scotiabank set a C$264.00 price target on shares of Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$262.58.

Boyd Group Services Price Performance

TSE:BYD opened at C$171.87 on Tuesday. Boyd Group Services has a 52 week low of C$165.60 and a 52 week high of C$248.23. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84. The company has a market capitalization of C$4.78 billion, a P/E ratio of 209.60, a P/E/G ratio of -56.72 and a beta of 0.85. The stock’s fifty day moving average is C$215.34 and its two-hundred day moving average is C$220.23.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, March 18th. The company reported C$1.24 EPS for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.The company had revenue of C$1.04 billion for the quarter. Equities analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Insiders Place Their Bets

In other Boyd Group Services news, insider Brian Kaner bought 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the purchase, the insider directly owned 1,780 shares in the company, valued at approximately C$308,705.40. This represents a 196.67% increase in their ownership of the stock. 0.37% of the stock is currently owned by 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 .