Scotia Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective dropped by investment analysts at Scotia from C$239.00 to C$231.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price objective points to a potential upside of 62.83% from the stock’s previous close.

A number of other analysts have also recently commented on the company. TD Securities cut 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 report on Thursday, March 19th. National Bank Financial lowered their target price on 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. Jefferies Financial Group cut their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday, March 19th. Stifel Nicolaus dropped their target price on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Desjardins lowered their price objective on shares of Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services presently has an average rating of “Buy” and a consensus target price of C$237.14.

Boyd Group Services Stock Down 0.9%

Boyd Group Services stock opened at C$141.87 on Thursday. The company has a market cap of C$3.95 billion, a PE ratio of 173.01, a PEG ratio of -56.72 and a beta of 0.75. Boyd Group Services has a fifty-two week low of C$129.74 and a fifty-two week high of C$248.23. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60. The business’s 50-day simple moving average is C$177.96 and its two-hundred day simple moving average is C$208.88.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data 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 1.04% and a net margin of 0.40%.The company had revenue of C$1.39 billion during the quarter. Equities analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brian Kaner bought 1,180 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was bought at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the transaction, the insider owned 1,780 shares of the company’s stock, valued at C$308,705.40. This represents a 196.67% increase in their ownership of the stock. 0.37% of the stock is owned by company insiders.

Boyd Group Services News Summary

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

• Positive Sentiment: Boyd Group reported record first-quarter 2026 sales of $996.7 million and adjusted EBITDA of $122.4 million, helped by market-share gains, same-store sales growth, and a strategic acquisition. Article Title
• Neutral Sentiment: Despite the strong top-line and EBITDA results, the stock fell after earnings, suggesting investors were disappointed by profitability, margin expectations, or forward guidance. Article Title
• Neutral Sentiment: Royal Bank of Canada lowered its price target to C$245 from C$267, still implying significant upside, but the cut adds to the cautious tone around the stock. Article Title
• Negative Sentiment: A broad group of analysts cut their targets, including TD to C$190, BMO to C$200, CIBC to C$205, Stifel to C$205, Scotia to C$231, Desjardins to C$240, and ATB Cormark to C$245, which likely weighed on sentiment and contributed to the decline in BYD shares. Article Title

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 .