Boyd Group Services (TSE:BYD) Given New C$250.00 Price Target at National Bankshares

Key Points

• Boyd Group Services has had its target price increased by National Bankshares from C$245.00 to C$250.00, suggesting an upside potential of 18.05% from the company's previous close.
• Investment ratings for Boyd Group Services vary, with one analyst giving a "hold" rating, while seven have rated it as a "buy" and three as a "strong buy," leading to a consensus rating of "Buy."
• Shares of Boyd Group Services traded down 1.0% on Thursday, closing at C$211.78, despite having a market capitalization of C$3.21 billion.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price boosted by investment analysts at National Bankshares from C$245.00 to C$250.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 18.05% from the company's previous close.

Several other equities analysts have also issued reports 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. TD Securities cut their target price on Boyd Group Services from C$290.00 to C$280.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Stephens raised Boyd Group Services to a "strong-buy" rating and set a C$240.00 target price on the stock in a research note on Wednesday, June 11th. ATB Capital cut their target price on Boyd Group Services from C$290.00 to C$270.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada cut their target price on Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$259.18.

Boyd Group Services Trading Down 1.0%

Shares of BYD traded down C$2.19 during trading hours on Thursday, hitting C$211.78. 84,458 shares of the stock traded hands, compared to its average volume of 49,232. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. Boyd Group Services has a 1-year low of C$186.10 and a 1-year high of C$258.17. The firm has a market capitalization of C$3.21 billion, a PE ratio of 78.00, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The business has a fifty day moving average of C$204.84 and a 200-day moving average of C$213.64.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 150 shares of the company's 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. 0.37% of the stock is currently owned by corporate insiders.

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.

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