National Bankshares Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective dropped by investment analysts at National Bankshares from C$275.00 to C$260.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 23.56% from the company’s previous close.

A number of other brokerages also recently weighed in on BYD. Cormark lowered their target price on shares of Boyd Group Services from C$240.00 to C$200.00 in a report on Thursday. Royal Bank of Canada lowered their target price on shares of Boyd Group Services from C$282.00 to C$277.00 in a report on Thursday. TD Securities boosted their target price on shares of 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. CIBC upped their price objective on shares of Boyd Group Services from C$276.00 to C$281.00 in a report on Friday, February 28th. Finally, BMO Capital Markets upped their price objective on shares of Boyd Group Services from C$250.00 to C$280.00 in a report on Thursday. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$274.83.

Boyd Group Services Price Performance

Shares of BYD opened at C$210.43 on Thursday. The company has a market cap of C$3.19 billion, a price-to-earnings ratio of 77.51, 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$291.53. The company’s fifty day simple moving average is C$233.25 and its 200 day simple moving average is 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.

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.