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

Boyd Group Services (TSE:BYD) had its target price cut by stock analysts at Desjardins from C$270.00 to C$255.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 21.18% from the stock’s current price.

Several other brokerages also recently weighed in on BYD. TD Securities raised their price target on Boyd Group Services from C$270.00 to C$290.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Cormark reduced their price target on Boyd Group Services from C$240.00 to C$200.00 in a report on Thursday. CIBC raised their price target on Boyd Group Services from C$276.00 to C$281.00 in a report on Friday, February 28th. BMO Capital Markets increased their price objective on Boyd Group Services from C$250.00 to C$280.00 in a research report on Thursday. Finally, Royal Bank of Canada dropped their price objective on Boyd Group Services from C$282.00 to C$277.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Boyd Group Services presently has an average rating of “Buy” and an average price target of C$274.83.

Boyd Group Services Price Performance

BYD opened at C$210.43 on Thursday. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$291.53. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The stock has a fifty day simple moving average of C$233.25 and a two-hundred day simple moving average of C$220.94. The company has a market cap of C$3.19 billion, a price-to-earnings ratio of 77.51, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

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.