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

Boyd Group Services (TSE:BYD) had its price target lifted by CIBC from C$272.00 to C$275.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 15.93% from the stock’s previous close.

A number of other research firms have also recently commented on BYD. Stifel Nicolaus cut their target price on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Raymond James decreased their target price on Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. ATB Capital dropped their price target on shares of Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. National Bankshares reduced their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Finally, TD Securities increased their price objective on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services currently has a consensus rating of “Buy” and an average price target of C$280.00.

Boyd Group Services Trading Up 1.1 %

TSE:BYD traded up C$2.57 during midday trading on Monday, reaching C$237.21. 54,839 shares of the stock traded hands, compared to its average volume of 54,216. The company has a fifty day moving average of C$219.92 and a 200 day moving average of C$218.85. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The stock has a market capitalization of C$5.09 billion, a P/E ratio of 63.26, a PEG ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75.

Insiders Place Their Bets

In other news, Director Robert Berthold Espey bought 200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were bought 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 owned by company insiders.

About Boyd Group Services

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.