Jefferies Financial Group Cuts Boyd Group Services (TSE:BYD) Price Target to C$225.00

Boyd Group Services (TSE:BYD) had its price objective trimmed by Jefferies Financial Group from C$250.00 to C$225.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada dropped their price objective on shares of Boyd Group Services from C$267.00 to C$245.00 in a report on Friday, May 15th. Stifel Nicolaus reduced their target price on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets decreased their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday. TD dropped their price target on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Finally, National Bank Financial cut their price target on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Price Performance

Boyd Group Services stock opened at C$131.33 on Thursday. The stock has a 50-day moving average price of C$139.27 and a two-hundred day moving average price of C$171.95. Boyd Group Services has a 12 month low of C$125.16 and a 12 month high of C$248.23. The company has a market capitalization of C$3.66 billion, a PE ratio of 291.84, a P/E/G ratio of -56.72 and a beta of 1.02. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. The company had revenue of C$1.44 billion for the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%. Analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert Berthold Espey bought 500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the purchase, the director directly owned 3,350 shares of the company’s stock, valued at approximately C$502,500. This represents a 17.54% increase in their ownership of the stock. 0.37% of the stock is owned by corporate insiders.

Key Boyd Group Services News

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

• Positive Sentiment: National Bank, ATB Cormark, TD and CIBC raised their price targets, with targets ranging from C$200 to C$270. National Bank set the highest target at C$270 and maintained an “outperform” rating, while ATB Cormark upgraded its target to C$250 and retained “outperform.” BayStreet analyst ratings
• Positive Sentiment: A Seeking Alpha analysis described Boyd Group Services as a compellingly valued former high-performing company. The thesis suggests the recent share-price weakness may have created an attractive entry point if the company can restore stronger growth and profitability. Boyd Group Services: Compelling Valuation For A Past Star Performer
• Neutral Sentiment: Despite several target reductions, analysts remain broadly constructive: Desjardins and TD rate the stock “buy,” while RBC, ATB Cormark and National Bank rate it “outperform.” The revised targets still imply substantial potential upside from the referenced share price.
• Negative Sentiment: Desjardins, BMO Capital Markets, Jefferies, RBC and Scotiabank lowered their targets, including cuts to C$225, C$190, C$225, C$236 and C$210, respectively. These reductions indicate that analysts have moderated their expectations even while maintaining positive ratings. BayStreet analyst ratings

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 .