Scotiabank Cuts Boyd Group Services (TSE:BYD) Price Target to C$210.00

Boyd Group Services (TSE:BYD) had its target price reduced by Scotiabank from C$219.00 to C$210.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

A number of other research firms also recently weighed in on BYD. Royal Bank Of Canada dropped their price target on Boyd Group Services from C$245.00 to C$236.00 and set an “outperform” rating on the stock in a research note on Thursday. National Bank Financial raised their price objective on Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus decreased their price objective on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a report on Thursday, May 14th. ATB Cormark Capital Markets upped their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group cut their target price on Boyd Group Services from C$250.00 to C$225.00 in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat, Boyd Group Services presently has an average rating of “Buy” and a consensus price target of C$230.00.

Boyd Group Services Price Performance

Shares of TSE BYD opened at C$131.33 on Thursday. The firm has a market capitalization of C$3.66 billion, a P/E ratio of 291.84, a P/E/G ratio of -56.72 and a beta of 1.02. The firm’s 50-day moving average price is C$139.27 and its 200-day moving average price is C$171.95. 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 has a 1-year low of C$125.16 and a 1-year high of C$248.23.

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

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 position. 0.37% of the stock is owned by corporate insiders.

Boyd Group Services News Roundup

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 .