CIBC Keeps Their Hold Rating on Boyd Group Services (BYDGF)

In a report released today, Krista Friesen from CIBC maintained a Hold rating on Boyd Group Services (BYDGFResearch Report), with a price target of C$194.00. The company’s shares opened today at $149.00.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boyd Group Services with a $161.29 average price target, an 8.25% upside from current levels. In a report released today, National Bank also downgraded the stock to a Hold with a C$205.00 price target.

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BYDGF market cap is currently $3.23B and has a P/E ratio of 185.18.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BYDGF in relation to earlier this year.

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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. Boyd Group is one of the largest retailers of auto glass in the United States and provides repair services to its customers both at its numerous workshop facilities and on the side of the road. The company derives the vast majority of its revenue from its activities in the United States. Nearly all of Boyd Group’s revenue is contributed by a concentrated group of large insurance companies that insure its customers’ automobiles.

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