Boyd Group Services (TSE:BYD) Price Target Raised to C$270.00

Boyd Group Services (TSE:BYD) had its price target boosted by Desjardins from C$255.00 to C$270.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Boyd Group Services’ FY2027 earnings at $7.26 EPS.

BYD has been the subject of a number of other reports. Stephens upgraded shares of Boyd Group Services to a “strong-buy” rating and set a C$240.00 price target for the company in a report on Wednesday, June 11th. CIBC reduced their price target on shares of Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. 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. Stifel Nicolaus reduced their price target 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. Finally, Royal Bank Of Canada reduced their price target 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 analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$259.18.

Boyd Group Services Trading Up 2.0%

BYD opened at C$216.05 on Thursday. Boyd Group Services has a twelve month low of C$186.10 and a twelve month high of C$258.17. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94. The company has a fifty day moving average of C$205.47 and a 200-day moving average of C$213.15. The stock has a market cap of C$3.28 billion, a PE ratio of 79.58, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

Boyd Group Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Monday, June 30th were issued a dividend of $0.153 per share. This is a boost from Boyd Group Services’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.3%. Boyd Group Services’s dividend payout ratio (DPR) is currently 22.10%.

Insider Activity

In other Boyd Group Services news, Director Robert Berthold Espey acquired 150 shares of Boyd Group Services stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average cost of C$201.74 per share, for a total transaction of C$30,261.00. 0.37% of the stock is owned by corporate 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.