Boyd Group Services (TSE:BYD) Given New C$208.00 Price Target at Canadian Imperial Bank of Commerce

Boyd Group Services (TSE:BYD) had its price objective lifted by stock analysts at Canadian Imperial Bank of Commerce from C$205.00 to C$208.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 60.17% from the company’s current price.

Other research analysts also recently issued reports about the company. Desjardins decreased their price objective on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Royal Bank Of Canada cut their target price on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. TD reduced their price target on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. National Bank Financial decreased their price target on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, Scotia lowered their price objective on shares of Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, Boyd Group Services has a consensus rating of “Buy” and an average price target of C$230.00.

Boyd Group Services Stock Down 11.3%

TSE BYD traded down C$16.51 on Thursday, reaching C$129.86. The company had a trading volume of 331,404 shares, compared to its average volume of 91,194. The firm has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60. Boyd Group Services has a 1-year low of C$125.16 and a 1-year high of C$248.23. The company’s fifty day moving average is C$139.86 and its 200-day moving average is C$172.90.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The firm had revenue of C$1.44 billion for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. On average, research analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Activity at Boyd Group Services

In related news, Director Robert Berthold Espey acquired 500 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the acquisition, the director directly owned 3,350 shares of the company’s stock, valued at approximately C$502,500. The trade was a 17.54% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate insiders.

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 .