Royal Bank of Canada Trims Boyd Group Services (TSE:BYD) Target Price to C$280.00

Boyd Group Services (TSE:BYD) had its price target cut by Royal Bank of Canada from C$306.00 to C$280.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 26.88% from the company’s previous close.

A number of other research firms also recently issued reports on BYD. TD Securities dropped their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a research report on Friday, August 9th. CIBC cut their target price on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Cormark reduced their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group decreased their price target on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Finally, BMO Capital Markets reduced their target price on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$288.58.

Boyd Group Services Trading Up 2.4 %

Shares of BYD stock traded up C$5.18 on Wednesday, reaching C$220.68. 57,523 shares of the stock were exchanged, compared to its average volume of 55,344. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The stock has a market cap of C$4.74 billion, a P/E ratio of 58.85, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The firm has a 50 day moving average of C$215.78 and a two-hundred day moving average of C$238.08. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. On average, research analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Transactions at Boyd Group Services

In other news, Senior Officer Jeff Murray acquired 456 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is currently owned by 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.