BMO Capital Markets Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price target lowered by BMO Capital Markets from C$250.00 to C$200.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 39.48% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Raymond James Financial dropped their target price on Boyd Group Services from C$275.00 to C$270.00 in a report on Thursday, April 2nd. National Bank Financial decreased their price target on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Scotiabank set a C$264.00 price target on Boyd Group Services and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada decreased their price target on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Boyd Group Services from C$280.00 to C$275.00 in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned 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 target price of C$238.71.

Boyd Group Services Stock Performance

Shares of BYD traded up C$8.85 during midday trading on Thursday, reaching C$143.39. 84,068 shares of the stock were exchanged, compared to its average volume of 90,820. Boyd Group Services has a twelve month low of C$129.74 and a twelve month 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 cap of C$3.99 billion, a P/E ratio of 174.87, a PEG ratio of -56.72 and a beta of 0.75. The stock’s 50 day simple moving average is C$181.57 and its 200 day simple moving average is C$209.87.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share 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$1.39 billion during the quarter. On average, sell-side analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Activity at Boyd Group Services

In related news, insider Brian Kaner purchased 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the transaction, the insider 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. 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 .