Boyd Group Services (TSE:BYD) Stock Price Expected to Rise, CIBC Analyst Says

Boyd Group Services (TSE:BYD - Free Report) had its price target increased by CIBC from C$281.00 to C$286.00 in a report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Desjardins cut their target price on shares of Boyd Group Services from C$270.00 to C$255.00 and set a "buy" rating on the stock in a research note on Thursday. BMO Capital Markets raised their target price on Boyd Group Services from C$250.00 to C$280.00 in a research note on Thursday. National Bankshares decreased their target price on Boyd Group Services from C$275.00 to C$260.00 and set an "outperform" rating for the company in a research report on Thursday. TD Securities increased their price target on Boyd Group Services from C$270.00 to C$290.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada cut their target price on Boyd Group Services from C$282.00 to C$277.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$274.83.

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Boyd Group Services Trading Down 1.3 %

BYD stock traded down C$2.69 during mid-day trading on Thursday, reaching C$207.74. The company's stock had a trading volume of 17,941 shares, compared to its average volume of 57,691. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$291.53. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The business's 50 day moving average price is C$233.25 and its 200 day moving average price is C$220.87. The company has a market cap of C$3.15 billion, a price-to-earnings ratio of 76.52, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

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.