Cormark set a C$200.00 price objective on Boyd Group Income Fund (TSE:BYD.UN) in a research report released on Thursday, September 19th, BayStreet.CA reports.
Several other brokerages have also commented on BYD.UN. TD Securities increased their price objective on Boyd Group Income Fund from C$190.00 to C$200.00 and gave the company a buy rating in a research report on Thursday, August 15th. Desjardins raised their price target on Boyd Group Income Fund from C$190.00 to C$195.00 and gave the stock a hold rating in a research report on Friday, August 16th. Raymond James restated an outperform rating and set a C$190.00 price target on shares of Boyd Group Income Fund in a research report on Wednesday, September 18th. CIBC raised their price target on Boyd Group Income Fund from C$187.00 to C$194.00 in a research report on Tuesday, August 6th. Finally, National Bank Financial lifted their price objective on Boyd Group Income Fund from C$195.00 to C$205.00 and gave the stock an outperform rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$195.50.
BYD.UN traded up C$1.94 during trading on Thursday, reaching C$177.46. 32,093 shares of the company were exchanged, compared to its average volume of 32,712. The company’s 50-day moving average is C$177.19 and its two-hundred day moving average is C$162.61. Boyd Group Income Fund has a 12-month low of C$102.59 and a 12-month high of C$187.04. The company has a market cap of $3.53 billion and a price-to-earnings ratio of 46.81. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 150.87.
The company also recently disclosed a monthly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 26th were issued a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Thursday, August 29th. Boyd Group Income Fund’s payout ratio is currently 14.24%.
In related news, Senior Officer Eric Danberg sold 750 shares of Boyd Group Income Fund stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$174.60, for a total value of C$130,950.00. Following the completion of the sale, the insider now owns 21,271 shares of the company’s stock, valued at C$3,713,916.60.
Boyd Group Income Fund Company Profile
Boyd Group Income Fund operates as an unincorporated open-ended mutual fund trust. The company, through its operating company, The Boyd Group Inc, operates non-franchised collision repair centers. Its collision repair centers offer automotive collision and glass repair, and related services. The company operates its autobody/autoglass repair and related services facilities, as well as auto glass retail facilities under the Boyd Autobody & Glass, Assured Automotive, Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com trade names in the United States and Canada.
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