CIBC World Markets Boosts Boyd Group Services (TSE:BYD) Price Target to C$290.00

Boyd Group Services (TSE:BYD) had its target price hoisted by research analysts at CIBC World Markets from C$280.00 to C$290.00 in a note issued to investors on Saturday,BayStreet.CA reports. CIBC World Markets’ price target would indicate a potential upside of 19.37% from the stock’s current price.

A number of other research analysts have also commented on BYD. Cormark upgraded shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. TD Securities increased their price target 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. Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Stifel Nicolaus upped their price objective on Boyd Group Services from C$265.00 to C$275.00 in a report on Tuesday, November 4th. Finally, ATB Capital raised their target price on Boyd Group Services from C$275.00 to C$280.00 in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$268.33.

Boyd Group Services Stock Up 4.2%

Shares of TSE:BYD opened at C$242.94 on Friday. The stock’s 50-day moving average price is C$224.82 and its two-hundred day moving average price is C$221.15. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The firm has a market cap of C$6.76 billion, a price-to-earnings ratio of 328.30, a PEG ratio of -56.72 and a beta of 0.26. Boyd Group Services has a 12-month low of C$186.10 and a 12-month high of C$258.17.

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