CIBC Raises Boyd Group Services (TSE:BYD) Price Target to C$272.00

Boyd Group Services (TSE:BYDFree Report) had its price target raised by CIBC from C$252.00 to C$272.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

BYD has been the subject of several other reports. Royal Bank of Canada decreased their price objective on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Raymond James decreased their target price on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. BMO Capital Markets dropped their price target on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. National Bankshares cut their price objective on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. Finally, TD Securities lowered their target price on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Buy” and a consensus target price of C$278.08.

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Boyd Group Services Stock Up 1.6 %

Boyd Group Services stock opened at C$212.75 on Monday. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The stock has a fifty day simple moving average of C$215.58 and a two-hundred day simple moving average of C$221.97. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The firm has a market cap of C$4.57 billion, a price-to-earnings ratio of 56.73, a PEG ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYDGet Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.46). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The business had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Equities analysts predict that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Activity

In other Boyd Group Services news, Director Robert Berthold Espey purchased 200 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average price of C$220.00 per share, for a total transaction of C$44,000.00. Insiders own 0.37% of the company’s stock.

Boyd Group Services Company Profile

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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.

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Analyst Recommendations for Boyd Group Services (TSE:BYD)

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