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

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) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Investors of record on Tuesday, September 30th will be given 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 Stock Performance

BYD stock traded up C$0.68 during trading on Friday, reaching C$235.32. 41,087 shares of the stock were exchanged, compared to its average volume of 48,949. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The stock has a 50 day simple moving average of C$215.03 and a 200-day simple moving average of C$211.60. The company has a market capitalization of C$5.05 billion, a P/E ratio of 619.26, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. Boyd Group Services has a twelve month low of C$186.10 and a twelve month high of C$258.17.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BYD shares. Stifel Nicolaus boosted their price target on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Royal Bank Of Canada increased their price objective on shares of Boyd Group Services from C$270.00 to C$272.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. The Goldman Sachs Group raised shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 3rd. CIBC lowered their price target on shares of Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. Finally, ATB Capital lowered 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. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently 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.