BMO Capital Markets Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD) had its price target upped by BMO Capital Markets from C$250.00 to C$280.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 33.06% from the company’s current price.

Several other brokerages have also weighed in on BYD. TD Securities upped their target price on 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. CIBC upped their target price on Boyd Group Services from C$276.00 to C$281.00 in a research report on Friday, February 28th. Royal Bank of Canada dropped their target price on Boyd Group Services from C$282.00 to C$277.00 in a research report on Thursday. Finally, Cormark decreased their price target on Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and an average target price of C$274.83.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$210.43 on Thursday. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$291.53. The stock’s 50-day moving average is C$233.25 and its two-hundred day moving average is C$220.94. The firm has a market cap of C$3.19 billion, a P/E ratio of 77.51, a PEG 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.