Boyd Group Income Fund (TSE:BYD.UN) Price Target Increased to C$215.00 by Analysts at TD Securities

Boyd Group Income Fund (TSE:BYD.UN) had its price target hoisted by TD Securities from C$200.00 to C$215.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on BYD.UN. Raymond James reissued an outperform rating and issued a C$190.00 price target on shares of Boyd Group Income Fund in a research note on Wednesday, September 18th. Laurentian raised their price target on Boyd Group Income Fund from C$185.00 to C$190.00 and gave the stock a buy rating in a research note on Monday, July 22nd. Cormark set a C$200.00 price target on Boyd Group Income Fund in a research note on Thursday, September 19th. 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 note on Friday, August 16th. Finally, CIBC raised their price target on Boyd Group Income Fund from C$187.00 to C$194.00 in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Boyd Group Income Fund currently has an average rating of Buy and an average target price of C$200.44.

BYD.UN opened at C$194.44 on Thursday. 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 firm has a market cap of $3.84 billion and a P/E ratio of 51.29. Boyd Group Income Fund has a 52 week low of C$103.17 and a 52 week high of C$196.89. The business’s fifty day simple moving average is C$181.38 and its 200 day simple moving average is C$170.44.

The business also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a dividend of $0.046 per share. This is an increase from Boyd Group Income Fund’s previous monthly dividend of $0.05. This represents a $0.55 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Tuesday, November 26th. Boyd Group Income Fund’s dividend payout ratio (DPR) is presently 14.24%.

In related news, Senior Officer Eric Danberg sold 750 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$174.60, for a total transaction of C$130,950.00. Following the sale, the insider now directly owns 21,271 shares in the company, valued at approximately 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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Analyst Recommendations for Boyd Group Income Fund (TSE:BYD.UN)

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