Boyd Group Services (TSE:BYD) Price Target Raised to C$250.00

Boyd Group Services (TSE:BYD) had its target price boosted by National Bankshares from C$245.00 to C$250.00 in a research report released on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

BYD has been the topic of several other research reports. The Goldman Sachs Group upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 3rd. TD Securities reduced their price objective on shares of Boyd Group Services from C$290.00 to C$280.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. Stifel Nicolaus cut their target price 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. CIBC cut their target price on shares of Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. Finally, Royal Bank Of Canada cut 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. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$259.18.

Boyd Group Services Trading Up 2.0%

Boyd Group Services stock opened at C$216.05 on Thursday. The stock has a market cap of C$3.28 billion, a P/E ratio of 79.58, 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. Boyd Group Services has a 1 year low of C$186.10 and a 1 year high of C$258.17. The firm’s 50 day moving average price is C$205.47 and its 200-day moving average price is C$213.15.

Boyd Group Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Monday, June 30th were paid a dividend of $0.153 per share. 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 payout ratio is presently 22.10%.

Insider Buying and Selling

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