Boyd Group Services Inc. (TSE:BYD) Plans Dividend Increase - $0.15 Per Share

Boyd Group Services Inc. (TSE:BYD - Get Free Report) 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 dividend yield of 0.29%. This is a 2.0% increase from Boyd Group Services's previous quarterly dividend of $0.15.

Boyd Group Services Trading Up 1.6%

Shares of BYD traded up C$3.26 during mid-day trading on Friday, reaching C$209.39. The company's stock had a trading volume of 60,171 shares, compared to its average volume of 50,843. Boyd Group Services has a 52 week low of C$191.27 and a 52 week high of C$268.66. The stock has a market cap of C$3.18 billion, a PE ratio of 77.12, a P/E/G ratio of -56.72 and a beta of 0.99. The company's fifty day moving average price is C$205.57 and its two-hundred day moving average price is C$216.35. 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 Buying and Selling at Boyd Group Services

In related news, Director Robert Berthold Espey purchased 150 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average price of C$201.74 per share, for a total transaction of C$30,261.00. 0.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BYD has been the topic of a number of recent research reports. ATB Capital reduced their price objective on Boyd Group Services from C$295.00 to C$290.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Stifel Nicolaus dropped their target price on Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Royal Bank Of Canada reduced their price target on Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. The Goldman Sachs Group upgraded Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 3rd. Finally, Cormark dropped their price objective on Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$264.83.

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.