Boyd Group Services Inc. (TSE:BYD) Stock Rated “Buy” by Wall Street Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have received an average recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$219.50.

Several analysts have recently issued reports on the stock. Desjardins decreased their target price on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. TD dropped their price target on Boyd Group Services from C$200.00 to C$175.00 and set a “top pick” rating for the company in a research report on Friday, October 9th. Mizuho set a C$120.00 price target on Boyd Group Services and gave the stock an “outperform” rating in a research report on Friday, September 18th. BMO Capital Markets reduced their price objective on Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Finally, Jefferies Financial Group decreased their price objective on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th.

Boyd Group Services Price Performance

Boyd Group Services stock opened at C$124.99 on Wednesday. Boyd Group Services has a 52-week low of C$107.53 and a 52-week high of C$248.23. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. The firm’s fifty day moving average is C$116.12 and its 200 day moving average is C$156.79. The company has a market cap of C$3.48 billion, a price-to-earnings ratio of 277.76, a PEG ratio of -56.72 and a beta of 1.20.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The business had revenue of C$1.44 billion during the quarter. Sell-side analysts forecast that Boyd Group Services will post 7.15 EPS for the current fiscal year.

Insider Activity at Boyd Group Services

In related news, insider Jeff Murray bought 350 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was purchased at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the acquisition, the insider owned 7,700 shares in the company, valued at C$856,009. This trade represents a 4.76% increase in their ownership of the stock. Company insiders own 0.37% of the company’s stock.

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 .