CIBC Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD - Get Free Report) had its target price lifted by stock analysts at CIBC from C$252.00 to C$272.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's target price would indicate a potential upside of 27.85% from the stock's previous close.

BYD has been the topic of a number of other research reports. National Bankshares lowered their price objective on Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Raymond James dropped their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. TD Securities reduced their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday, November 6th. ATB Capital dropped their price target on shares of Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$278.08.

Boyd Group Services Price Performance

Shares of TSE:BYD traded up C$3.27 during trading on Monday, reaching C$212.75. The stock had a trading volume of 68,064 shares, compared to its average volume of 57,912. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The stock has a market cap of C$4.57 billion, a PE ratio of 56.73, a PEG ratio of -56.72 and a beta of 0.99. The business has a fifty day moving average price of C$215.58 and a 200-day moving average price of C$221.97.

Boyd Group Services (TSE:BYD - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.66 by C($0.46). The business had revenue of C$1.03 billion for the quarter, compared to analysts' expectations of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, equities analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In related news, Director Robert Berthold Espey purchased 200 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were bought at an average price of C$220.00 per share, for a total transaction of C$44,000.00. 0.37% of the stock is currently owned by corporate insiders.

Boyd Group Services Company Profile

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.