Boyd Group Services (TSE:BYD) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Boyd Group Services (TSE:BYD) had its target price raised by investment analysts at Royal Bank Of Canada from C$272.00 to C$291.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 33.41% from the stock’s current price.

Several other brokerages also recently commented on BYD. Stifel Nicolaus increased their target price on shares of Boyd Group Services from C$265.00 to C$275.00 in a report on Tuesday. CIBC raised their price objective on shares of Boyd Group Services from C$257.00 to C$270.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Cormark upgraded shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Desjardins raised their price objective on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, ATB Capital cut their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set an “outperform” rating for the company in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$266.45.

Boyd Group Services Stock Down 2.4%

Shares of Boyd Group Services stock traded down C$5.38 during trading on Wednesday, reaching C$218.12. 93,927 shares of the company traded hands, compared to its average volume of 53,555. 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 1-year low of C$186.10 and a 1-year high of C$258.17. The company has a 50 day moving average price of C$226.15 and a 200-day moving average price of C$213.53. The firm has a market capitalization of C$4.68 billion, a PE ratio of 574.00, a P/E/G ratio of -56.72 and a beta of 0.32.

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.