Raymond James Financial Cuts Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its price target trimmed by Raymond James Financial from C$275.00 to C$270.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other analysts also recently issued reports on BYD. Jefferies Financial Group reduced their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday, March 19th. BMO Capital Markets dropped their price objective on shares of Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Stifel Nicolaus cut their price objective on Boyd Group Services from C$270.00 to C$265.00 in a research report on Friday, March 20th. TD Securities reduced 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 note on Thursday, March 19th. Finally, Royal Bank Of Canada lowered their target price on Boyd Group Services from C$294.00 to C$267.00 in a report 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$263.00.

Boyd Group Services Stock Performance

TSE:BYD opened at C$171.60 on Thursday. 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 stock has a fifty day simple moving average of C$217.53 and a 200-day simple moving average of C$221.19. The company has a market capitalization of C$4.78 billion, a PE ratio of 209.27, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 EPS 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 for the quarter. On average, equities research 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 other news, insider Brian Kaner purchased 1,180 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were bought 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 of the company’s stock, valued at approximately C$308,705.40. This trade represents a 196.67% increase in their ownership of the stock. Company insiders own 0.37% of the company’s stock.

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 .