TD Securities Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD) had its price target increased by investment analysts at TD Securities from C$280.00 to C$290.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 32.95% from the company’s current price.

BYD has been the topic of a number of other reports. Desjardins boosted their price target on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Stifel Nicolaus upped their price objective on shares of Boyd Group Services from C$265.00 to C$275.00 in a research report on Tuesday. Cormark upgraded shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. National Bankshares upped their price objective on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Finally, CIBC upped their price target on shares of Boyd Group Services from C$270.00 to C$280.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$266.45.

Boyd Group Services Trading Down 2.4%

BYD stock traded down C$5.38 during trading on Wednesday, reaching C$218.12. 93,927 shares of the stock were exchanged, compared to its average volume of 53,555. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The business has a 50 day moving average price of C$226.15 and a 200-day moving average price of C$213.53. Boyd Group Services has a 1 year low of C$186.10 and a 1 year high of C$258.17. The firm has a market capitalization of C$4.68 billion, a price-to-earnings ratio of 574.00, a P/E/G ratio of -56.72 and a beta of 0.32.

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.