TD Securities Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD) had its price target hoisted by research analysts at TD Securities from C$270.00 to C$290.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 20.96% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. BMO Capital Markets decreased their target price on Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. ATB Capital dropped their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. National Bankshares decreased their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Raymond James decreased their price target on Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$279.75.

Boyd Group Services Trading Up 1.2 %

BYD traded up C$2.80 during trading hours on Thursday, reaching C$239.75. The company’s stock had a trading volume of 19,977 shares, compared to its average volume of 48,846. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The stock has a market cap of C$5.15 billion, a PE ratio of 63.93, a P/E/G ratio of -56.72 and a beta of 0.99. The business’s 50-day moving average is C$217.05 and its 200-day moving average is C$220.08.

Boyd Group Services (TSE:BYD) last announced its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The firm had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, equities research analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other news, Director Robert Berthold Espey acquired 200 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of C$220.00 per share, for a total transaction of C$44,000.00. 0.37% of the stock is currently owned by company insiders.

Boyd Group Services Company Profile

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.