Boyd Group Services Inc. (TSE:BYD) Receives C$258.55 Consensus PT from Analysts

Key Points

• Analysts have given Boyd Group Services Inc. an average recommendation of "Buy", with a 12-month price objective of C$258.55.
• The company recently increased its quarterly dividend to $0.153 per share, reflecting a positive change and providing a yield of 0.3% to investors.
• Boyd Group Services has a market cap of C$2.85 billion and its stock has seen a price range between C$186.10 and C$258.17 over the past year.

Boyd Group Services Inc. (TSE:BYD - Get Free Report) has received a consensus recommendation of "Buy" from the eleven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$258.55.

Several analysts have weighed in on BYD shares. Royal Bank Of Canada decreased their price objective on shares of Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. CIBC cut their price objective on shares of Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. ATB Capital cut their price objective on shares of Boyd Group Services from C$295.00 to C$290.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. National Bankshares lowered their target price on shares of Boyd Group Services from C$260.00 to C$245.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, TD Securities lowered their target price on shares of Boyd Group Services from C$290.00 to C$280.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd.

Boyd Group Services Price Performance

TSE BYD traded up C$2.56 on Monday, reaching C$193.00. The company's stock had a trading volume of 33,405 shares, compared to its average volume of 48,493. The firm has a market cap of C$2.93 billion, a PE ratio of 71.09, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The business has a 50-day moving average price of C$204.69 and a 200 day moving average price of C$213.79. Boyd Group Services has a 52 week low of C$186.10 and a 52 week high of C$258.17. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94.

Boyd Group Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Monday, June 30th were given a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.3%. This is an increase from Boyd Group Services's previous quarterly dividend of $0.15. Boyd Group Services's dividend payout ratio (DPR) is 22.10%.

Insiders Place Their Bets

In other Boyd Group Services news, Director Robert Berthold Espey bought 150 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average price of C$201.74 per share, with a total value of C$30,261.00. Company insiders own 0.37% of the company's stock.

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.