Boyd Group Services (TSE:BYD) Reaches New 1-Year Low – What’s Next?

Boyd Group Services Inc. (TSE:BYD) shares reached a new 52-week low during trading on Friday . The stock traded as low as C$198.07 and last traded at C$198.08, with a volume of 11748 shares traded. The stock had previously closed at C$204.89.

Wall Street Analyst Weigh In

BYD has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price objective on Boyd Group Services from C$285.00 to C$270.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. CIBC increased their price target on Boyd Group Services from C$281.00 to C$286.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. TD Securities lifted their price objective on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Cormark reduced their target price on shares of Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday, March 20th. Finally, BMO Capital Markets lifted their price target on shares of Boyd Group Services from C$250.00 to C$280.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$274.83.

Boyd Group Services Stock Down 1.3 %

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 stock has a market cap of C$3.07 billion, a P/E ratio of 74.49, a P/E/G ratio of -56.72 and a beta of 0.99. The company’s 50 day moving average price is C$230.01 and its two-hundred day moving average price is C$220.15.

Insiders Place Their Bets

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

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.