Boyd Group Services (TSE:BYD) Given New C$270.00 Price Target at CIBC

Boyd Group Services (TSE:BYD) had its price objective raised by CIBC from C$257.00 to C$270.00 in a report released on Monday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Desjardins raised their price objective on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Royal Bank Of Canada raised their price objective on shares of Boyd Group Services from C$270.00 to C$272.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. ATB Capital reduced their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set an “outperform” rating on the stock in a report on Thursday, August 14th. Finally, National Bankshares lifted their price target on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Buy” and a consensus price target of C$261.55.

Boyd Group Services Price Performance

Shares of BYD opened at C$210.25 on Monday. Boyd Group Services has a twelve month low of C$186.10 and a twelve month high of C$258.17. The firm’s fifty day simple moving average is C$226.11 and its 200-day simple moving average is C$212.42. The firm has a market capitalization of C$4.51 billion, a price-to-earnings ratio of 553.29, a PEG ratio of -56.72 and a beta of 0.39. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.153 per share. 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 114.83%.

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.