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

Boyd Group Services Inc. (TSE:BYD) has been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$236.92.

A number of brokerages have weighed in on BYD. National Bank Financial decreased their target price on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Stifel Nicolaus cut 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. Scotia cut their price objective on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a report on Thursday, May 14th. ATB Cormark Capital Markets reduced their price objective 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. Finally, 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.

Insider Activity

In other Boyd Group Services news, Director Robert Berthold Espey purchased 500 shares of Boyd Group Services stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the transaction, the director directly owned 3,350 shares of the company’s stock, valued at C$502,500. This trade represents a 17.54% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate insiders.

Boyd Group Services Price Performance

BYD opened at C$142.98 on Monday. The stock has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 216.64, a PEG ratio of -56.72 and a beta of 1.00. The firm has a 50 day moving average price of C$139.87 and a 200-day moving average price of C$179.75. Boyd Group Services has a twelve month low of C$125.16 and a twelve month high of C$248.23. The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, May 13th. The company reported C$0.81 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$1.39 billion for the quarter. Equities research analysts forecast that Boyd Group Services will post 7.1452646 earnings per share 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 .