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

Boyd Group Services (TSE:BYD) had its price objective reduced by CIBC from C$286.00 to C$278.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on BYD. Cormark reduced their price target on shares of Boyd Group Services from C$240.00 to C$200.00 in a research report on Thursday, March 20th. BMO Capital Markets upped their target price on Boyd Group Services from C$250.00 to C$280.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 20th. Stifel Nicolaus dropped their price target on Boyd Group Services from C$285.00 to C$270.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Royal Bank of Canada decreased their price objective on shares of Boyd Group Services from C$282.00 to C$277.00 in a research report on Thursday, March 20th. Finally, TD Securities lifted their target price on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$274.17.

Boyd Group Services Price Performance

BYD stock opened at C$204.35 on Thursday. The firm has a 50 day moving average of C$219.23 and a 200-day moving average of C$219.79. The firm has a market capitalization of C$3.10 billion, a P/E ratio of 75.27, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 12 month low of C$191.27 and a 12 month high of C$272.82. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94.

Insider Activity at Boyd Group Services

In related news, Director Robert Berthold Espey bought 150 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of C$204.50 per share, for a total transaction of C$30,675.00. 0.37% of the stock is owned by insiders.

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.