Stifel Nicolaus Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its target price reduced by investment analysts at Stifel Nicolaus from C$285.00 to C$270.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 28.79% from the company’s current price.

Several other research firms have also recently commented on BYD. Desjardins lowered their target price on Boyd Group Services from C$270.00 to C$255.00 and set a “buy” rating on the stock in a research report on Thursday. Cormark dropped their price objective on Boyd Group Services from C$240.00 to C$200.00 in a research note on Thursday. CIBC lifted their price objective on shares of Boyd Group Services from C$281.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets lifted their price target on Boyd Group Services from C$250.00 to C$280.00 in a report on Thursday. Finally, National Bankshares lowered their target price on shares of Boyd Group Services from C$275.00 to C$260.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Boyd Group Services currently has a consensus rating of “Buy” and a consensus target price of C$274.83.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock traded down C$2.27 on Friday, reaching C$209.65. 75,861 shares of the company were exchanged, compared to its average volume of 57,588. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$291.53. The firm has a market cap of C$3.18 billion, a price-to-earnings ratio of 77.22, a P/E/G ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. The company’s 50-day moving average is C$233.23 and its two-hundred day moving average is C$221.03.

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.