Boyd Group Services Inc. (TSE:BYD) Raises Dividend to $0.15 Per Share

Boyd Group Services Inc. (TSE:BYD) declared a quarterly dividend on Tuesday, June 17th, RTT News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.153 per share on Tuesday, July 29th. This represents a $0.61 annualized dividend and a yield of 0.30%. This is a 2.0% increase from Boyd Group Services’s previous quarterly dividend of $0.15.

Boyd Group Services Stock Down 0.7%

BYD stock opened at C$204.76 on Wednesday. Boyd Group Services has a one year low of C$191.27 and a one year high of C$268.66. The firm has a market cap of C$3.10 billion, a PE ratio of 75.42, a PEG ratio of -56.72 and a beta of 0.99. The firm’s 50 day moving average price is C$205.43 and its 200-day moving average price is C$216.48. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70.

Analyst Upgrades and Downgrades

A number of research firms have commented on BYD. National Bankshares reduced their target price on Boyd Group Services from C$260.00 to C$245.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. ATB Capital reduced their price objective on shares of Boyd Group Services from C$295.00 to C$290.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Desjardins decreased 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 report on Thursday, March 20th. TD Securities dropped their price target on shares of Boyd Group Services from C$290.00 to C$280.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Buy” and a consensus target price of C$264.83.

Insider Activity

In related news, Director Robert Berthold Espey bought 150 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average cost of C$201.74 per share, for a total transaction of C$30,261.00. Insiders own 0.37% of the company’s stock.

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.