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

Key Points

• Desjardins has raised its price target for Boyd Group Services from C$255.00 to C$270.00, suggesting a potential upside of 27.49% from the previous close.
• Currently, the stock has a consensus rating of “Buy”, with one hold rating, seven buy ratings, and three strong buy ratings from various analysts.
• Boyd Group Services' stock recently traded down to C$211.78, with a market capitalization of C$3.21 billion and a PE ratio of 78.00.

Boyd Group Services (TSE:BYD - Get Free Report) had its price target raised by stock analysts at Desjardins from C$255.00 to C$270.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 27.49% from the company's previous close.

A number of other research firms have also recently issued reports on BYD. TD Securities dropped their price target on shares of 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. Stifel Nicolaus dropped their price target on shares of Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. National Bankshares dropped their price target on shares of Boyd Group Services from C$260.00 to C$245.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Stephens raised shares of Boyd Group Services to a "strong-buy" rating and set a C$240.00 price target on the stock in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group raised shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 3rd. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$259.18.

Boyd Group Services Price Performance

Boyd Group Services stock traded down C$2.19 during trading on Thursday, reaching C$211.78. The company had a trading volume of 84,458 shares, compared to its average volume of 49,232. The firm's 50-day simple moving average is C$204.84 and its 200 day simple moving average is C$213.64. 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 company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70.

Insider Activity at Boyd Group Services

In related news, Director Robert Berthold Espey purchased 150 shares of Boyd Group Services stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average price of C$201.74 per share, for a total transaction of C$30,261.00. 0.37% of the stock is currently owned by corporate insiders.

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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