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

Boyd Group Services Inc. (TSE:BYD - Get Free Report) has earned a consensus rating of "Buy" from the twelve analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$264.83.

Several research firms have issued reports on BYD. National Bankshares decreased their price target on shares of Boyd Group Services from C$260.00 to C$245.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Royal Bank Of Canada decreased their target price 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 report on Thursday, May 22nd. Stephens upgraded Boyd Group Services to a "strong-buy" rating and set a C$240.00 price target for the company in a report on Wednesday, June 11th. The Goldman Sachs Group raised Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Desjardins lowered their price objective on Boyd Group Services from C$270.00 to C$255.00 and set a "buy" rating for the company in a research report on Thursday, March 20th.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 150 shares of Boyd Group Services stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of C$204.50 per share, for a total transaction of C$30,675.00. Company insiders own 0.37% of the company's stock.

Boyd Group Services Price Performance

BYD stock traded down C$0.39 on Friday, reaching C$212.59. The company had a trading volume of 53,196 shares, compared to its average volume of 50,681. The company's fifty day moving average is C$205.68 and its 200 day moving average is C$216.33. The company has a market cap of C$3.22 billion, a P/E ratio of 78.30, a PEG ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. Boyd Group Services has a 1 year low of C$191.27 and a 1 year high of C$268.66.

Boyd Group Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, June 30th will be paid a $0.153 dividend. This is a positive change from Boyd Group Services's previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a dividend yield of 0.29%. Boyd Group Services's payout ratio is currently 22.10%.

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.