Boyd Group Services Inc. (TSE:BYD) Declares Quarterly Dividend of $0.15

Key Points

• Boyd Group Services Inc. announced a quarterly dividend of $0.15 per share, set to be paid on October 29th to shareholders of record on September 30th.
• The company's current stock price is C$238.36, with a market cap of C$5.12 billion and a debt-to-equity ratio of 150.94.
• Boyd operates primarily under the Boyd Autobody and Glass brand in Canada and Gerber Collision and Glass in the U.S., providing auto body and glass repair services across North America.

Boyd Group Services Inc. (TSE:BYD - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.153 per share on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a yield of 0.3%.

Boyd Group Services Price Performance

Boyd Group Services stock traded up C$0.68 during mid-day trading on Friday, reaching C$235.32. The company had a trading volume of 41,087 shares, compared to its average volume of 48,949. The stock's 50-day simple moving average is C$215.03 and its 200-day simple moving average is C$211.40. The company has a market capitalization of C$5.05 billion, a P/E ratio of 619.26, a P/E/G ratio of -56.72 and a beta of 0.40. Boyd Group Services has a 1 year low of C$186.10 and a 1 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.

Analysts Set New Price Targets

Several research firms recently issued reports on BYD. The Goldman Sachs Group raised shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 3rd. Stephens upgraded shares of Boyd Group Services to a "strong-buy" rating and set a C$240.00 price target on the stock in a research report on Wednesday, June 11th. ATB Capital dropped their target price on shares of Boyd Group Services from C$290.00 to C$270.00 and set an "outperform" rating on the stock in a report on Thursday, August 14th. CIBC dropped their target price on shares of Boyd Group Services from C$249.00 to C$244.00 in a research report on Thursday, July 17th. Finally, Stifel Nicolaus upped their price objective on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Boyd Group Services presently has a consensus rating of "Buy" and a consensus price target of C$259.18.

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.