Boyd Group Services (TSE:BYD) Price Target Raised to C$286.00

Boyd Group Services (TSE:BYD) had its price objective raised by CIBC from C$281.00 to C$286.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 34.85% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Desjardins dropped their target price on shares of Boyd Group Services from C$270.00 to C$255.00 and set a “buy” rating for the company in a report on Thursday. National Bankshares decreased their price target on shares of Boyd Group Services from C$275.00 to C$260.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank of Canada decreased their price target on shares of Boyd Group Services from C$282.00 to C$277.00 in a report on Thursday. BMO Capital Markets lifted their price target on shares of Boyd Group Services from C$250.00 to C$280.00 in a report on Thursday. Finally, Cormark decreased their price target on shares of Boyd Group Services from C$240.00 to C$200.00 in a report on Thursday. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$275.25.

Boyd Group Services Price Performance

Boyd Group Services stock traded down C$4.69 during mid-day trading on Thursday, reaching C$212.09. The company had a trading volume of 28,447 shares, compared to its average volume of 56,419. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$292.81. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. The company has a market capitalization of C$3.22 billion, a P/E ratio of 78.12, a P/E/G ratio of -56.72 and a beta of 0.99. The stock’s 50-day simple moving average is C$233.07 and its 200-day simple moving average is C$221.10.

About Boyd Group Services

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.