CIBC Increases Boyd Group Services (TSE:BYD) Price Target to C$281.00

Boyd Group Services (TSE:BYD - Get Free Report) had its price objective upped by analysts at CIBC from C$276.00 to C$281.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's price target indicates a potential upside of 17.88% from the stock's previous close.

A number of other research firms also recently issued reports on BYD. National Bankshares cut their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday, November 6th. TD Securities lifted their price objective on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the company a "buy" rating in a report on Thursday, January 30th. ATB Capital reduced their price target on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Raymond James dropped their target price on Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets dropped their price objective on Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Boyd Group Services has an average rating of "Buy" and an average price target of C$280.50.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$3.27 during mid-day trading on Friday, reaching C$238.38. The company's stock had a trading volume of 60,188 shares, compared to its average volume of 55,334. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. The firm's 50-day moving average is C$229.22 and its two-hundred day moving average is C$220.61. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$318.58. The company has a market cap of C$3.61 billion, a P/E ratio of 87.80, a PEG ratio of -56.72 and a beta of 0.99.

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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.