Boyd Group Services (TSE:BYD – Free Report) had its target price hoisted by Desjardins from C$270.00 to C$275.00 in a report issued on Monday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.
Several other equities research analysts have also recently commented on BYD. Raymond James increased their price target on Boyd Group Services from C$285.00 to C$295.00 in a report on Friday, August 11th. The Goldman Sachs Group cut Boyd Group Services from a neutral rating to a sell rating and cut their target price for the stock from C$240.00 to C$225.00 in a research note on Thursday, October 19th. BMO Capital Markets raised their target price on Boyd Group Services from C$280.00 to C$290.00 and gave the stock an outperform rating in a research note on Monday. National Bankshares cut their target price on Boyd Group Services from C$270.00 to C$260.00 and set a sector perform rating for the company in a research note on Monday. Finally, Cormark lifted their price objective on Boyd Group Services from C$280.00 to C$300.00 in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boyd Group Services has an average rating of Moderate Buy and an average price target of C$271.08.
Boyd Group Services Price Performance
Boyd Group Services Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Saturday, September 30th were issued a $0.199 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Boyd Group Services’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 0.33%. Boyd Group Services’s dividend payout ratio (DPR) is 11.20%.
Boyd Group Services Company Profile
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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