Boyd Group Services Inc. (TSE:BYD) Given Consensus Rating of “Buy” by Brokerages

Boyd Group Services Inc. (TSE:BYD) has earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$236.92.

A number of research firms have weighed in on BYD. ATB Cormark Capital Markets cut their price target on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Jefferies Financial Group dropped their price objective on Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday, March 19th. Raymond James Financial cut their target price on Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. TD cut their target price on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada decreased their target price on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th.

Boyd Group Services Price Performance

Shares of BYD opened at C$134.29 on Thursday. Boyd Group Services has a twelve month low of C$125.16 and a twelve month high of C$248.23. The firm’s fifty day simple moving average is C$146.00 and its 200-day simple moving average is C$189.41. The firm has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 203.47, a PEG ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$1.39 billion during the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. Equities analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert Berthold Espey acquired 500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the completion of the acquisition, the director owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their ownership of the stock. 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 .