CIBC Issues Positive Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its target price increased by CIBC from C$272.00 to C$275.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

BYD has been the topic of a number of other research reports. TD Securities lifted their target price on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Raymond James lowered their price target on shares of Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets lowered their price target on shares of Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, ATB Capital lowered their price target on shares of Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$280.00.

Boyd Group Services Trading Down 0.7 %

Shares of BYD opened at C$236.78 on Monday. The firm’s 50-day moving average price is C$221.25 and its 200-day moving average price is C$219.08. The firm has a market capitalization of C$5.08 billion, a price-to-earnings ratio of 63.14, a PEG ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75.

Insiders Place Their Bets

In related news, Director Robert Berthold Espey acquired 200 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of C$220.00 per share, with a total value of C$44,000.00. Corporate insiders own 0.37% of the company’s stock.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.