Boyd Group Services (TSE:BYD) Price Target Cut to C$270.00 by Analysts at ATB Capital

Key Points

• Analysts at ATB Capital have decreased their price target for Boyd Group Services from C$290.00 to C$270.00, maintaining an "outperform" rating which suggests a potential upside of 27.49% from the current stock price.
• Boyd Group Services shares traded down 1.0% to C$211.78, with a market capitalization of C$3.21 billion and a price-to-earnings ratio of 78.00.
• Director Robert Berthold Espey purchased 150 shares at an average cost of C$201.74, indicating insider confidence in the stock.

Boyd Group Services (TSE:BYD - Get Free Report) had its price objective cut by investment analysts at ATB Capital from C$290.00 to C$270.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Capital's price objective indicates a potential upside of 27.49% from the stock's current price.

BYD has been the subject of several other reports. 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. Stephens raised 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. TD Securities lowered their target price on 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. Royal Bank Of Canada lowered their target price on Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus lowered their target price on Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Boyd Group Services has a consensus rating of "Buy" and an average price target of C$259.18.

Boyd Group Services Trading Down 1.0%

Shares of TSE BYD traded down C$2.19 during midday trading on Thursday, hitting C$211.78. The stock had a trading volume of 84,458 shares, compared to its average volume of 49,232. The company's 50-day simple moving average is C$204.84 and its 200 day simple moving average is C$213.64. The firm 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. Boyd Group Services has a fifty-two week low of C$186.10 and a fifty-two week 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.

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 on Tuesday, June 10th. The shares were purchased at an average cost 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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