Stifel Nicolaus Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price target reduced by equities researchers at Stifel Nicolaus from C$270.00 to C$265.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 31.96% from the company’s previous close.

A number of other research firms have also recently commented on BYD. BMO Capital Markets lifted their target price on shares of Boyd Group Services from C$250.00 to C$280.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 20th. Royal Bank of Canada cut their target price on Boyd Group Services from C$282.00 to C$277.00 in a research report on Thursday, March 20th. TD Securities lifted their price target on Boyd Group Services from C$270.00 to C$290.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. National Bankshares cut their price objective on Boyd Group Services from C$275.00 to C$260.00 and set an “outperform” rating on the stock in a report on Thursday, March 20th. Finally, Desjardins decreased their target price on Boyd Group Services from C$270.00 to C$255.00 and set a “buy” rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$271.67.

Boyd Group Services Stock Down 0.4 %

Boyd Group Services stock opened at C$200.82 on Friday. The business has a fifty day moving average price of C$214.57 and a 200-day moving average price of C$219.33. Boyd Group Services has a 1-year low of C$191.27 and a 1-year high of C$272.82. The stock has a market capitalization of C$3.05 billion, a price-to-earnings ratio of 73.97, a PEG ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30.

Insiders Place Their Bets

In related news, Director Robert Berthold Espey purchased 150 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of C$204.50 per share, with a total value of C$30,675.00. 0.37% of the stock is currently owned by company insiders.

Boyd Group Services Company Profile

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.