Scotiabank Lowers Boyd Group Services (TSE:BYD) Price Target to C$220.00

Boyd Group Services (TSE:BYD – Get Rating) had its target price lowered by analysts at Scotiabank from C$240.00 to C$220.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 57.56% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Boyd Group Services from C$185.00 to C$150.00 in a research report on Thursday. TD Securities cut their price target on shares of Boyd Group Services from C$230.00 to C$220.00 and set a “buy” rating for the company in a report on Friday, March 25th. Cormark cut their price target on shares of Boyd Group Services from C$235.00 to C$180.00 and set a “buy” rating for the company in a report on Thursday, March 24th. National Bankshares cut their price target on shares of Boyd Group Services from C$240.00 to C$200.00 and set a “sector perform” rating for the company in a report on Thursday, March 24th. Finally, Desjardins reaffirmed a “buy” rating on shares of Boyd Group Services in a report on Wednesday, April 13th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$202.36.

Shares of TSE:BYD opened at C$139.63 on Thursday. The company’s 50 day moving average price is C$158.77 and its two-hundred day moving average price is C$182.03. Boyd Group Services has a 12-month low of C$129.79 and a 12-month high of C$267.00. The firm has a market cap of C$3.00 billion and a PE ratio of 97.99. The company has a quick ratio of 0.38, a current ratio of 0.64 and a debt-to-equity ratio of 135.65.

Boyd Group Services (TSE:BYD – Get Rating) last announced its earnings results on Wednesday, March 23rd. The company reported C$0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.25. The business had revenue of C$650.80 million for the quarter, compared to analyst estimates of C$636.26 million. On average, research 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 Autoglassonly.com names in the United States.

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