Stifel Nicolaus Lowers Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its price objective lowered by equities researchers at Stifel Nicolaus from C$285.00 to C$270.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 28.79% from the stock’s previous close.

Several other research firms have also commented on BYD. Cormark dropped their price objective on shares of Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday. CIBC upped their target price on Boyd Group Services from C$281.00 to C$286.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets raised their price target on Boyd Group Services from C$250.00 to C$280.00 in a research note on Thursday. Desjardins cut their price objective on 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. Finally, TD Securities boosted 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 note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Boyd Group Services has an average rating of “Buy” and a consensus price target of C$274.83.

Boyd Group Services Stock Performance

TSE:BYD traded down C$2.27 on Friday, hitting C$209.65. The stock had a trading volume of 75,861 shares, compared to its average volume of 57,588. The business’s 50-day simple moving average is C$233.23 and its two-hundred day simple moving average is C$221.03. The stock has a market cap of C$3.18 billion, a price-to-earnings ratio of 77.22, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$291.53. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94.

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.