Boyd Group Services (TSE:BYD) Trading Up 1.1% - Time to Buy?

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s stock price rose 1.1% during trading on Monday . The stock traded as high as C$212.91 and last traded at C$212.00. Approximately 33,882 shares traded hands during trading, a decline of 32% from the average daily volume of 49,482 shares. The stock had previously closed at C$209.59.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BYD. BMO Capital Markets lifted their price objective on Boyd Group Services from C$250.00 to C$280.00 and gave the stock a "strong-buy" rating in a research report on Thursday, March 20th. Cormark lowered their price objective on shares of Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday, March 20th. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. CIBC decreased their price objective on shares of Boyd Group Services from C$249.00 to C$244.00 in a research report on Thursday. Finally, Stifel Nicolaus decreased their price objective on shares of Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Boyd Group Services currently has a consensus rating of "Buy" and a consensus price target of C$262.00.

Boyd Group Services Trading Up 0.7%

The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 77.46, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The business's 50 day moving average price is C$208.66 and its 200-day moving average price is C$216.34. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Monday, June 30th will be paid a dividend of $0.153 per share. This is a positive change from Boyd Group Services's previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a yield of 0.29%. Boyd Group Services's dividend payout ratio is 22.10%.

Insiders Place Their Bets

In other Boyd Group Services news, Director Robert Berthold Espey acquired 150 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased 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 company 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.