CIBC Cuts Boyd Group Services (TSE:BYD) Price Target to C$168.00

Boyd Group Services (TSE:BYDGet Rating) had its target price reduced by equities research analysts at CIBC from C$175.00 to C$168.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 20.32% from the company’s current price.

Other equities research analysts have also issued research reports about the company. TD Securities dropped their price target on Boyd Group Services from C$230.00 to C$220.00 and set a “buy” rating on the stock in a research note on Friday, March 25th. Scotiabank dropped their price target on Boyd Group Services from C$240.00 to C$220.00 in a research note on Thursday. Raymond James dropped their price target on Boyd Group Services from C$255.00 to C$235.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, March 22nd. BMO Capital Markets boosted their price target on Boyd Group Services from C$185.00 to C$188.00 in a research note on Thursday, March 24th. Finally, Desjardins restated a “buy” rating on shares of Boyd Group Services in a research note on Wednesday, April 13th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$202.36.

BYD opened at C$139.63 on Thursday. The business’s 50-day moving average is C$158.77 and its two-hundred day moving average is C$182.03. Boyd Group Services has a 1 year low of C$129.79 and a 1 year high of C$267.00. The company has a debt-to-equity ratio of 135.65, a current ratio of 0.64 and a quick ratio of 0.38. The firm has a market capitalization of C$3.00 billion and a PE ratio of 97.99.

Boyd Group Services (TSE:BYDGet Rating) last posted its earnings results on Wednesday, March 23rd. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.10 by C$0.25. The company had revenue of C$650.80 million during the quarter, compared to analysts’ expectations of C$636.26 million. As a group, sell-side analysts expect that Boyd Group Services will post 5.0700001 EPS for the current year.

Boyd Group Services Company Profile (Get Rating)

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and names in the United States.

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Analyst Recommendations for Boyd Group Services (TSE:BYD)

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