Desjardins Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective reduced by analysts at Desjardins from C$270.00 to C$255.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 20.23% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their target price on Boyd Group Services from C$282.00 to C$277.00 in a report on Thursday. National Bankshares decreased their target price on Boyd Group Services from C$275.00 to C$260.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC upped their price target on Boyd Group Services from C$276.00 to C$281.00 in a research note on Friday, February 28th. Cormark cut their price target on Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday. Finally, BMO Capital Markets upped their price target on Boyd Group Services from C$250.00 to C$280.00 in a research note on Thursday. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$275.25.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$4.69 during trading hours on Thursday, hitting C$212.09. 28,447 shares of the company’s stock were exchanged, compared to its average volume of 56,419. The stock’s 50-day moving average is C$233.07 and its 200-day moving average is C$221.10. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. The stock has a market cap of C$3.22 billion, a price-to-earnings ratio of 78.12, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52 week low of C$198.61 and a 52 week high of C$292.81.

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.