Boyd Group Services (TSE:BYD) Price Target Raised to C$270.00

Key Points

• Boyd Group Services' target price has been raised by CIBC from C$257.00 to C$270.00, indicating a potential upside of 27.85% based on the stock's previous close.
• The company has received multiple ratings upgrades, with a consensus target price of C$261.55 and a majority of analysts rating it as a Buy.
• As of Monday, Boyd Group Services' stock is trading at C$211.19, which is significantly below its 1-year high of C$258.17.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price hoisted by equities research analysts at CIBC from C$257.00 to C$270.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's target price would suggest a potential upside of 27.85% from the stock's previous close.

BYD has been the topic of a number of other research reports. ATB Capital reduced 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, August 14th. Desjardins raised their target price on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Royal Bank Of Canada raised their target price on shares of Boyd Group Services from C$270.00 to C$272.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Stifel Nicolaus raised their target price on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, National Bankshares lifted their price target on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the company an "outperform" rating 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 issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$261.55.

Boyd Group Services Price Performance

Boyd Group Services stock traded up C$1.68 during mid-day trading on Monday, reaching C$211.19. The company had a trading volume of 17,261 shares, compared to its average volume of 47,543. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. The stock's 50-day simple moving average is C$225.72 and its 200-day simple moving average is C$212.37. Boyd Group Services has a 1 year low of C$186.10 and a 1 year high of C$258.17. The company has a market capitalization of C$4.53 billion, a P/E ratio of 555.76, a P/E/G ratio of -56.72 and a beta of 0.39.

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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