Boyd Group Services (TSE:BYD) Price Target Raised to C$280.00 at CIBC

Boyd Group Services (TSE:BYD) had its target price lifted by equities researchers at CIBC from C$270.00 to C$280.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 28.37% from the company’s previous close.

Several other equities analysts have also issued reports on BYD. Royal Bank Of Canada boosted their target price on shares of Boyd Group Services from C$272.00 to C$291.00 in a report on Wednesday. ATB Capital dropped their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set an “outperform” rating on the stock in a report on Thursday, August 14th. Cormark upgraded shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Stifel Nicolaus upped their price objective on shares of Boyd Group Services from C$265.00 to C$275.00 in a report on Tuesday. Finally, Desjardins upped their price objective on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services currently has a consensus rating of “Buy” and an average price target of C$266.45.

Boyd Group Services Price Performance

Shares of TSE BYD traded down C$5.38 during trading hours on Wednesday, hitting C$218.12. 93,927 shares of the stock were exchanged, compared to its average volume of 53,555. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. The company has a market cap of C$4.68 billion, a PE ratio of 574.00, a price-to-earnings-growth ratio of -56.72 and a beta of 0.32. The company’s fifty day simple moving average is C$226.15 and its two-hundred day simple moving average is C$213.53. Boyd Group Services has a 1-year low of C$186.10 and a 1-year high of C$258.17.

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.