Royal Bank Of Canada Raises Boyd Group Services (TSE:BYD) Price Target to C$272.00

Key Points

• Royal Bank of Canada raised its price target for Boyd Group Services from C$270.00 to C$272.00, indicating a potential upside of 28.44% based on the company's previous close.
• The consensus rating for Boyd Group Services among analysts is "Buy", with a consensus price target of C$259.18, reflecting a mix of ratings including seven buy and three strong buy ratings.
• Boyd Group Services' stock saw a decrease of C$2.19 during trading, closing at C$211.78, with a current market cap of C$3.21 billion.

Boyd Group Services (TSE:BYD - Get Free Report) had its price target increased by research analysts at Royal Bank Of Canada from C$270.00 to C$272.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 28.44% from the company's previous close.

A number of other equities research analysts also recently commented on the company. TD Securities decreased their target price on Boyd Group Services from C$290.00 to C$280.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. ATB Capital cut 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. CIBC cut their target price on Boyd Group Services from C$249.00 to C$244.00 in a research note on Thursday, July 17th. National Bankshares upped their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Stephens raised Boyd Group Services to a "strong-buy" rating and set a C$240.00 target price on the stock in a research note on Wednesday, June 11th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$259.18.

Boyd Group Services Price Performance

Shares of Boyd Group Services stock traded down C$2.19 during trading hours on Thursday, hitting C$211.78. The company's stock had a trading volume of 84,458 shares, compared to its average volume of 49,232. The business has a 50 day moving average price of C$204.84 and a two-hundred day moving average price of C$213.64. Boyd Group Services has a 12-month low of C$186.10 and a 12-month high of C$258.17. The company has a market cap of C$3.21 billion, a PE ratio of 78.00, a PEG 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 Transactions at Boyd Group Services

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

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