BMO Capital Markets Cuts Boyd Group Services (TSE:BYD) Price Target to C$190.00

Boyd Group Services (TSE:BYD) had its price target dropped by equities research analysts at BMO Capital Markets from C$200.00 to C$190.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 46.31% from the company’s previous close.

Several other research firms have also commented on BYD. Scotia lowered their price target 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 research report on Thursday, May 14th. Canadian Imperial Bank of Commerce cut their price objective on Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday, May 14th. National Bank Financial reduced their target price on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada lowered their target price on Boyd Group Services from C$267.00 to C$245.00 in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets dropped their price target on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Price Performance

TSE BYD traded down C$16.51 during trading hours on Thursday, reaching C$129.86. The company’s stock had a trading volume of 331,404 shares, compared to its average volume of 91,194. 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 company’s 50-day moving average is C$139.86 and its two-hundred day moving average is C$172.90. Boyd Group Services has a fifty-two week low of C$125.16 and a fifty-two week high of C$248.23. The stock has a market cap of C$3.61 billion, a PE ratio of 196.76, a PEG ratio of -56.72 and a beta of 1.02.

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

Insider Activity

In other news, Director Robert Berthold Espey purchased 500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the acquisition, the director directly owned 3,350 shares in the company, valued at C$502,500. This represents a 17.54% increase in their position. 0.37% of the stock is 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 .