Boyd Group Services (TSE:BYD) Given New C$260.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised the price target for Boyd Group Services from C$255.00 to C$260.00, suggesting a potential upside of 22.77% from the company's previous close.
• Analyst ratings for Boyd Group Services show a predominance of optimism, with one hold rating, seven buy ratings, and three strong buy ratings, leading to an average rating of "Buy."
• Currently, Boyd Group Services' stock is trading around C$211.78, down C$2.19, with a market cap of C$3.21 billion and a P/E ratio of 78.00.

Boyd Group Services (TSE:BYD - Get Free Report) had its price target boosted by analysts at Stifel Nicolaus from C$255.00 to C$260.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 22.77% from the company's previous close.

Other analysts have also recently issued reports about the stock. National Bankshares boosted their price objective on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a research note on Thursday. CIBC reduced their price objective on shares of Boyd Group Services from C$249.00 to C$244.00 in a research note on Thursday, July 17th. Desjardins boosted their price objective on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the stock a "buy" rating in a research note on Thursday. TD Securities cut 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 note on Thursday, May 22nd. Finally, Stephens upgraded shares of 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. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$259.18.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock traded down C$2.19 on Thursday, reaching C$211.78. The stock had a trading volume of 84,458 shares, compared to its average volume of 49,232. The business's 50-day moving average price is C$204.84 and its two-hundred day moving average price is C$213.64. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. Boyd Group Services has a fifty-two week low of C$186.10 and a fifty-two week high of C$258.17. The stock has a market cap of C$3.21 billion, a P/E ratio of 78.00, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

Insider Activity

In other Boyd Group Services news, Director Robert Berthold Espey acquired 150 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of C$201.74 per share, for a total transaction of C$30,261.00. Corporate 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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