Stifel Nicolaus Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective cut by stock analysts at Stifel Nicolaus from C$285.00 to C$270.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 28.31% from the stock’s current price.

BYD has been the topic of several other reports. TD Securities upped 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 research note on Thursday, January 30th. Desjardins cut their target price on shares of Boyd Group Services from C$270.00 to C$255.00 and set a “buy” rating on the stock in a research note on Thursday. CIBC upped their target price on shares of Boyd Group Services from C$281.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Thursday. Cormark cut their target price on shares of Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday. Finally, BMO Capital Markets upped their target price on shares of Boyd Group Services from C$250.00 to C$280.00 in a research note on Thursday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$274.83.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$210.43 on Friday. The firm’s 50 day moving average price is C$233.25 and its 200-day moving average price is C$220.90. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. Boyd Group Services has a one year low of C$198.61 and a one year high of C$291.53. The firm has a market cap of C$3.19 billion, a P/E ratio of 77.51, a P/E/G ratio of -56.72 and a beta of 0.99.

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.