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

Boyd Group Services (TSE:BYD) had its price objective increased by stock analysts at CIBC from C$281.00 to C$286.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 35.91% from the stock’s current price.

Several other research firms have also commented on BYD. Royal Bank of Canada reduced their price target on Boyd Group Services from C$282.00 to C$277.00 in a research report on Thursday. Cormark reduced their price target on Boyd Group Services from C$240.00 to C$200.00 in a research report on Thursday. National Bankshares reduced their price target 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. Desjardins reduced their price target on Boyd Group Services from C$270.00 to C$255.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on Boyd Group Services from C$250.00 to C$280.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$274.83.

Boyd Group Services Price Performance

Shares of BYD stock opened at C$210.43 on Thursday. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$291.53. The stock has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 77.51, a P/E/G ratio of -56.72 and a beta of 0.99. The stock has a fifty day simple moving average of C$233.25 and a two-hundred day simple moving average of C$220.94. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94.

Boyd Group Services Company Profile

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.