Boyd Group Income Fund (TSE:BYD.UN) Rating Reiterated by Raymond James

Raymond James reaffirmed their outperform rating on shares of Boyd Group Income Fund (TSE:BYD.UN) in a report published on Thursday morning, BayStreet.CA reports. The firm currently has a C$190.00 price objective on the stock.

Several other research firms also recently commented on BYD.UN. Laurentian boosted their target price on shares of Boyd Group Income Fund from C$185.00 to C$190.00 and gave the stock a buy rating in a report on Monday, July 22nd. TD Securities boosted their target price on shares of Boyd Group Income Fund from C$160.00 to C$190.00 and gave the stock a buy rating in a report on Friday, May 17th. Cormark set a C$180.00 target price on shares of Boyd Group Income Fund in a report on Thursday. National Bank Financial boosted their target price on shares of Boyd Group Income Fund from C$195.00 to C$205.00 and gave the stock an outperform rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets boosted their target price on shares of Boyd Group Income Fund from C$154.00 to C$190.00 in a report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$193.00.

BYD.UN opened at C$175.31 on Thursday. The firm has a market cap of $3.48 billion and a P/E ratio of 46.63. Boyd Group Income Fund has a 1-year low of C$102.59 and a 1-year high of C$182.22. The company has a 50 day simple moving average of C$171.76 and a two-hundred day simple moving average of C$152.14. The company has a debt-to-equity ratio of 152.88, a current ratio of 0.61 and a quick ratio of 0.43.

In related news, Director Sally Ann Savoia bought 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were purchased at an average price of C$165.50 per share, with a total value of C$165,500.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at C$827,500.

About Boyd Group Income Fund

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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Analyst Recommendations for Boyd Group Income Fund (TSE:BYD.UN)

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