Boyd Group Services Inc. (TSE:BYD) Given Average Recommendation of “Buy” by Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$258.55.

Several research firms have recently issued reports on BYD. Stifel Nicolaus decreased their price objective on shares of Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. The Goldman Sachs Group upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 3rd. Royal Bank Of Canada reduced their target price on shares of Boyd Group Services from C$277.00 to C$270.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Stephens upgraded shares of Boyd Group Services to a “strong-buy” rating and set a C$240.00 target price for the company in a report on Wednesday, June 11th. Finally, CIBC reduced their target price on shares of Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th.

Boyd Group Services Price Performance

TSE BYD opened at C$187.77 on Monday. Boyd Group Services has a 52 week low of C$186.10 and a 52 week high of C$258.17. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of 69.16, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a 50-day moving average price of C$204.99 and a two-hundred day moving average price of C$214.11.

Boyd Group Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Monday, June 30th were given a $0.153 dividend. This represents a $0.61 annualized dividend and a yield of 0.3%. This is a positive change from Boyd Group Services’s previous quarterly dividend of $0.15. Boyd Group Services’s dividend payout ratio is 22.10%.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 150 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average price of C$201.74 per share, with a total value of C$30,261.00. 0.37% of the stock is owned by company insiders.

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.