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

Boyd Group Services Inc. (TSE:BYD - Get Free Report) has been assigned a consensus recommendation of "Buy" from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$264.83.

Several brokerages have recently weighed in on BYD. 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. Stifel Nicolaus reduced 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 research note on Thursday, May 22nd. Desjardins reduced their target price on Boyd Group Services from C$270.00 to C$255.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Stephens raised Boyd Group Services to a "strong-buy" rating and set a C$240.00 target price for the company in a research note on Wednesday, June 11th. Finally, National Bankshares dropped their price target on Boyd Group Services from C$260.00 to C$245.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd.

Boyd Group Services Trading Up 1.6%

Shares of BYD stock opened at C$209.39 on Friday. 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 has a market cap of C$3.18 billion, a price-to-earnings ratio of 77.12, a PEG ratio of -56.72 and a beta of 0.99. The stock has a 50 day simple moving average of C$205.59 and a 200-day simple moving average of C$216.31. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Monday, June 30th will be paid a $0.153 dividend. This is an increase from Boyd Group Services's previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.29%. Boyd Group Services's dividend payout ratio (DPR) is 22.10%.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 150 shares of the stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of C$201.74 per share, for a total transaction 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.

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