CIBC Cuts Boyd Group Services (TSE:BYD) Price Target to C$278.00

Boyd Group Services (TSE:BYD) had its price target lowered by CIBC from C$286.00 to C$278.00 in a research note released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

BYD has been the subject of several other research reports. TD Securities upped their price target on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on Boyd Group Services from C$250.00 to C$280.00 and gave the stock a “strong-buy” rating in a report on Thursday, March 20th. Cormark cut their price target on Boyd Group Services from C$240.00 to C$200.00 in a report on Thursday, March 20th. Stifel Nicolaus decreased their price objective on Boyd Group Services from C$285.00 to C$270.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Desjardins cut their target price on Boyd Group Services from C$270.00 to C$255.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$274.17.

Boyd Group Services Trading Down 1.1 %

BYD stock opened at C$202.11 on Thursday. Boyd Group Services has a twelve month low of C$191.27 and a twelve month high of C$272.82. The stock has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 74.44, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. 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 firm’s fifty day simple moving average is C$218.51 and its two-hundred day simple moving average is C$219.77.

Insider Buying and Selling

In other news, Director Robert Berthold Espey purchased 150 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of C$204.50 per share, for a total transaction of C$30,675.00. 0.37% of the stock is owned by corporate 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.