Boyd Group Services Inc. (TSE:BYD) Declares Quarterly Dividend of $0.14


Boyd Group Services Inc. (TSE:BYD – Get Rating) announced a quarterly dividend on Friday, September 16, Zacks reports. Shareholders of record on Friday, September 30 will receive a dividend of 0.144 per share on Thursday, October 27. This represents an annualized dividend of $0.58 and a dividend yield of 0.31%. The ex-dividend date is Wednesday, September 28.

Boyd Group services trade up 1.9%

Shares of Boyd Group Services opened at C$188.50 on Friday. The stock has a market capitalization of C$4.05 billion and a P/E ratio of 154.51. The company has a debt ratio of 136.58, a current ratio of 0.67 and a quick ratio of 0.40. Boyd Group Services has a 1 year minimum of C$117.48 and a 1 year maximum of C$267.00. The company’s 50-day moving average price is C$171.51 and its 200-day moving average price is C$157.57.

Analyst upgrades and downgrades

BYD has been the subject of several recent analyst reports. National Bankshares cut shares of Boyd Group Services from an “outperforming” rating to an “sector outperforming” rating and raised its price target for the company from C$170.00 to C$205.00 in a Thursday, August 11, research report. In a Wednesday, Aug. 10 research report, National Bank Financial downgraded shares of Boyd Group Services from an “overweight to underweight” rating to an “underweight sector return” rating. Royal Bank of Canada raised its price target on shares of Boyd Group Services from C$195.00 to C$220.00 and gave the stock an ‘outperform’ rating in a Thursday research report August 11. CIBC raised its price target on shares of Boyd Group Services from C$156.00 to C$194.00 and gave the stock a “neutral” rating in a Thursday, August 11 research report. Finally, Raymond James raised his price target on shares of Boyd Group Services from C$195.00 to C$225.00 and gave the stock a “strong buy” rating in a research report from the Thursday August 11. Four equity research analysts gave the stock a hold rating, seven gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat, Boyd Group Services currently has an average rating of “Moderate Buy” and a consensus target price of C$217.86.

About Boyd Group Services

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Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations as Boyd Autobody & Glass and Assured Automotive in Canada; and the Gerber Collision & Glass name in the United States. It also operates as an automotive glass retail operator under the names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and in the United States.

Further reading

Dividend history for Boyd Group Services (TSE:BYD)

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