Boyd Group Services (TSE:BYD) Trading 0.3% Higher – Here’s Why

Boyd Group Services Inc. (TSE:BYD) shares were up 0.3% during mid-day trading on Monday . The stock traded as high as C$221.33 and last traded at C$217.00. Approximately 32,436 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 22,265 shares. The stock had previously closed at C$216.35.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BYD shares. Desjardins upgraded shares of Boyd Group Services to a “moderate buy” rating in a report on Tuesday, November 4th. ATB Capital lifted their target price on shares of Boyd Group Services from C$275.00 to C$280.00 in a research report on Thursday, November 13th. CIBC boosted their price target on shares of Boyd Group Services from C$270.00 to C$280.00 in a research note on Wednesday, November 5th. TD Securities raised their price objective on Boyd Group Services from C$280.00 to C$290.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Cormark upgraded Boyd Group Services from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$265.60.

Boyd Group Services Stock Up 0.3%

The company’s 50-day simple moving average is C$222.45 and its two-hundred day simple moving average is C$218.99. The firm has a market cap of C$6.04 billion, a PE ratio of 293.24, a PEG ratio of -56.72 and a beta of 0.17. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, November 12th. The company reported C$0.62 earnings per share for the quarter. The company had revenue of C$1.10 billion during the quarter. Boyd Group Services had a net margin of 1.35% and a return on equity of 4.93%. On average, analysts predict that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal year.

Boyd Group Services Company Profile

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 .