BMO Capital Markets Lowers Boyd Group Services (TSE:BYD) Price Target to C$250.00

Boyd Group Services (TSE:BYD) had its price objective reduced by equities researchers at BMO Capital Markets from C$260.00 to C$250.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 13.57% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group cut their price target on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Cormark reduced their price target on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research note on Friday, August 9th. TD Securities decreased their price objective on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. Royal Bank of Canada dropped their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, CIBC decreased their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Price Performance

TSE:BYD opened at C$220.13 on Wednesday. The firm has a fifty day simple moving average of C$213.76 and a 200 day simple moving average of C$233.62. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The stock has a market capitalization of C$4.73 billion, a PE ratio of 58.70, a P/E/G ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last announced its quarterly 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 net margin of 1.93% and a return on equity of 7.21%. The business had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. On average, research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Transactions at Boyd Group Services

In other news, Senior Officer Jeff Murray acquired 456 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by 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.