Boyd Group Services (TSE:BYD) Raised to Strong-Buy at Stephens

Boyd Group Services (TSE:BYD - Get Free Report) was upgraded by stock analysts at Stephens to a "strong-buy" rating in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a C$240.00 target price on the stock. Stephens' price target suggests a potential upside of 15.52% from the company's current price.

A number of other brokerages have also recently issued reports on BYD. Stifel Nicolaus dropped their target price on shares of Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. ATB Capital dropped their target price on shares of Boyd Group Services from C$295.00 to C$290.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Cormark dropped their target price on shares of Boyd Group Services from C$240.00 to C$200.00 in a research report on Thursday, March 20th. The Goldman Sachs Group upgraded shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 3rd. Finally, TD Securities dropped 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 report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$264.83.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$1.75 during mid-day trading on Wednesday, reaching C$207.76. The company's stock had a trading volume of 56,289 shares, compared to its average volume of 51,707. Boyd Group Services has a 1-year low of C$191.27 and a 1-year high of C$270.60. The company has a market cap of C$3.15 billion, a P/E ratio of 76.52, 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. The firm's 50-day moving average is C$205.16 and its two-hundred day moving average is C$216.64.

Insiders Place Their Bets

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

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.