09:55:51 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Boyd Group Services Inc
Symbol BYD
Shares Issued 21,472,192
Close 2024-01-30 C$ 298.51
Market Cap C$ 6,409,664,034
Recent Sedar Documents

Globe says Boyd Group maintained at "sector perform"

2024-01-30 09:00 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 30, edition that National Bank Financial analyst Zachary Evershed has reaffirmed his "sector perform" recommendation for Boyd Group Services. The Globe's David Leeder writes in the Eye On Equities column that Mr. Evershed's share target soared $50 to $310. Analysts on average target the shares at $290.86. Mr. Evershed expects Boyd Group Services to see "probable" margin uplift from the gradual growth in the capacity of its scanning and calibration (S&C) business as it continues to invest in its workers. Mr. Evershed says in a note: "Boyd sees growth in the scanning and calibration (S&C) business to be a long-term driver of margin expansion as it will allow the company to shift sublet work to labour hours, moving from the lowest to the highest margin profile in the business. Ongoing investments in Boyd's S&C platform have positioned the company to accelerate growth, but management has cautioned that since it is a labour-intensive service offering, complete internalization will not be completed in 2024. ... As the stock has enjoyed a sustained run up since late October, we believe much of the potential margin expansion ahead is now priced in."

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