CIBC World Markets Issues Positive Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective boosted by equities research analysts at CIBC World Markets from C$280.00 to C$290.00 in a report issued on Saturday,BayStreet.CA reports. CIBC World Markets’ price objective indicates a potential upside of 19.37% from the stock’s current price.

A number of other research firms have also recently weighed in on BYD. Canadian Imperial Bank of Commerce lifted their price objective on shares of Boyd Group Services from C$280.00 to C$290.00 in a report on Friday. Royal Bank Of Canada lifted their target price on shares of Boyd Group Services from C$272.00 to C$291.00 in a research note on Wednesday, November 5th. Scotiabank set a C$264.00 price objective on shares of Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. TD Securities boosted their target price on Boyd Group Services from C$280.00 to C$290.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus lifted their price objective on Boyd Group Services from C$265.00 to C$275.00 in a research report on Tuesday, November 4th. Two investment 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. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$268.33.

Boyd Group Services Stock Performance

BYD stock traded up C$9.83 during midday trading on Friday, reaching C$242.94. The stock had a trading volume of 52,728 shares, compared to its average volume of 41,009. The firm has a fifty day simple moving average of C$224.82 and a two-hundred day simple moving average of C$221.01. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. The stock has a market cap of C$6.76 billion, a PE ratio of 328.30, a P/E/G ratio of -56.72 and a beta of 0.26. Boyd Group Services has a 52-week low of C$186.10 and a 52-week high of C$258.17.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, November 12th. The company reported C$0.62 EPS for the quarter. Boyd Group Services had a return on equity of 4.93% and a net margin of 1.35%.The firm had revenue of C$1.10 billion during the quarter. As a group, equities research analysts anticipate 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 .