Canadian Imperial Bank of Commerce Cuts Boyd Group Services (TSE:BYD) Price Target to C$280.00

Boyd Group Services (TSE:BYD) had its price target trimmed by Canadian Imperial Bank of Commerce from C$290.00 to C$280.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently commented on the company. Royal Bank Of Canada lowered their price target on Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday. Scotiabank set a C$264.00 price objective on shares of Boyd Group Services and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group lowered their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Boyd Group Services presently has a consensus rating of “Buy” and an average target price of C$263.42.

Boyd Group Services Price Performance

TSE:BYD opened at C$192.12 on Thursday. The business’s 50-day simple moving average is C$226.27 and its two-hundred day simple moving average is C$224.97. Boyd Group Services has a 52 week low of C$184.20 and a 52 week high of C$248.23. The stock has a market cap of C$5.35 billion, a PE ratio of 234.29, a P/E/G ratio of -56.72 and a beta of 0.40. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. Boyd Group Services had a return on equity of 1.66% and a net margin of 0.59%.The firm had revenue of C$1.04 billion during the quarter. As a group, analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Key Stories Impacting Boyd Group Services

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: Raymond James cut its target from C$290 to C$275 but kept a “strong-buy” rating — this signals continued analyst confidence despite a modest target trim. Raymond James lowers target, keeps strong-buy
• Positive Sentiment: TD Securities lowered its target from C$290 to C$270 and maintained a “buy” rating, leaving a large percentage upside vs. the current price that can support investor optimism. TD Securities trims target, keeps buy Additional coverage
• Neutral Sentiment: Canadian Imperial Bank of Commerce lowered its target from C$290 to C$280 — target still implies meaningful upside from current levels. CIBC target cut
• Neutral Sentiment: Stifel Nicolaus trimmed its target from C$270 to C$265; the revision is modest and leaves a sizable implied upside. Stifel lowers target Additional coverage
• Neutral Sentiment: Royal Bank of Canada cut its target from C$294 to C$267 — another trim but still above current price. RBC lowers target
• Neutral Sentiment: Jefferies lowered its target from C$275 to C$250 — target reduction but not a rating flip. Jefferies trims target
• Neutral Sentiment: BMO Capital Markets cut its target from C$280 to C$250 — another downward revision that still leaves potential upside. BMO lowers target
• Negative Sentiment: Aggregate effect — several major dealers trimmed price targets in a short window, which signals analysts are tempering near-term expectations (margins, growth or macro risks). If investors focus on the cuts rather than retained buy ratings, that could pressure the stock. Summary of analyst actions

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 .