Boyd Group Services (TSE:BYD) Given New C$250.00 Price Target at BMO Capital Markets

Boyd Group Services (TSE:BYD) had its price target dropped by equities research analysts at BMO Capital Markets from C$280.00 to C$250.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 31.55% from the company’s previous close.

Several other analysts have also recently issued reports on BYD. Canadian Imperial Bank of Commerce reduced their price objective on Boyd Group Services from C$290.00 to C$280.00 in a research note on Thursday. Jefferies Financial Group cut their price target on Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday. Royal Bank Of Canada reduced their price target on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday. Finally, Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Buy” and a consensus price target of C$259.31.

Boyd Group Services Stock Down 1.5%

BYD traded down C$2.80 during trading hours on Thursday, hitting C$190.04. 57,106 shares of the company’s stock were exchanged, compared to its average volume of 57,163. Boyd Group Services has a 12-month low of C$184.20 and a 12-month high of C$248.23. The firm has a 50 day moving average of C$227.31 and a 200 day moving average of C$225.43. The firm has a market cap of C$5.29 billion, a P/E ratio of 256.81, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 158.71.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. The company had revenue of C$1.04 billion for the quarter. Boyd Group Services had a net margin of 0.52% and a return on equity of 1.91%. Analysts predict that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

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 .