Boyd Group Services Inc. (TSE:BYD) Given Average Rating of "Buy" by Brokerages

Key Points

• Boyd Group Services Inc. has received an average rating of "Buy" from eleven brokerages, with three analysts assigning a strong buy rating and one a hold rating.
• The average twelve-month target price for Boyd Group Services among analysts is C$262.00, with recent price objectives ranging from C$250.00 to C$272.00.
• The company announced a quarterly dividend of $0.153, representing an annual yield of 0.3%, while its dividend payout ratio currently stands at 114.83%.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) have been assigned an average recommendation of "Buy" from the eleven brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$262.00.

BYD has been the topic of several research analyst reports. National Bankshares increased their price target on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. ATB Capital reduced 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 research note on Thursday, August 14th. CIBC raised their price objective on shares of Boyd Group Services from C$257.00 to C$270.00 and gave the company an "outperform" rating in a research note on Monday, October 20th. Royal Bank Of Canada raised their price objective on shares of Boyd Group Services from C$270.00 to C$272.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus raised their price objective on shares of Boyd Group Services from C$260.00 to C$265.00 and gave the company a "buy" rating in a research note on Thursday.

Boyd Group Services Price Performance

BYD opened at C$217.20 on Friday. Boyd Group Services has a one year low of C$186.10 and a one year high of C$258.17. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. The company's 50 day simple moving average is C$226.59 and its 200-day simple moving average is C$212.69. The stock has a market capitalization of C$4.66 billion, a P/E ratio of 571.58, a price-to-earnings-growth ratio of -56.72 and a beta of 0.39.

Boyd Group Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Tuesday, September 30th will be issued a $0.153 dividend. This represents a $0.61 annualized dividend and a yield of 0.3%. Boyd Group Services's dividend payout ratio (DPR) is presently 114.83%.

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.

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