Boyd Group Services (TSE:BYD) Given New C$244.00 Price Target at CIBC

Boyd Group Services (TSE:BYD - Free Report) had its target price trimmed by CIBC from C$249.00 to C$244.00 in a research report released on Thursday morning,BayStreet.CA reports.

BYD has been the subject of several other research reports. Stephens raised shares of Boyd Group Services to a "strong-buy" rating and set a C$240.00 price objective for the company in a research note on Wednesday, June 11th. 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. ATB Capital lowered their price objective on Boyd Group Services from C$295.00 to C$290.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. National Bankshares lowered their price objective on Boyd Group Services from C$260.00 to C$245.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Finally, BMO Capital Markets lifted their price target on shares of Boyd Group Services from C$250.00 to C$280.00 and gave the stock a "strong-buy" rating in a research note on Thursday, March 20th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$262.00.

Boyd Group Services Trading Up 0.9%

Shares of BYD stock traded up C$1.88 during trading hours on Thursday, hitting C$212.42. The company had a trading volume of 10,984 shares, compared to its average volume of 48,479. The company's fifty day moving average is C$208.70 and its 200 day moving average is C$216.30. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. Boyd Group Services has a fifty-two week low of C$191.27 and a fifty-two week high of C$262.55. The stock has a market capitalization of C$3.22 billion, a PE ratio of 78.24, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

Boyd Group Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, June 30th will be issued a $0.153 dividend. This is an increase from Boyd Group Services's previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a dividend yield of 0.29%. Boyd Group Services's dividend payout ratio is presently 22.10%.

Insider Buying and Selling

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