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

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

Other equities analysts also recently issued reports about the stock. Raymond James lowered their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. TD Securities lowered their price target on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. National Bankshares cut their price objective on Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday, November 6th. ATB Capital decreased their target price on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$278.08.

Boyd Group Services Price Performance

BYD opened at C$212.75 on Monday. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The stock’s 50 day simple moving average is C$215.58 and its 200 day simple moving average is C$221.97. 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 has a 1 year low of C$198.61 and a 1 year high of C$324.75.

Boyd Group Services (TSE:BYD) last issued its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.03 billion. As a group, analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert Berthold Espey bought 200 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of C$220.00 per share, with a total value of C$44,000.00. 0.37% of the stock is owned by company 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.