Boyd Group Income Fund (TSE:BYD.UN)‘s stock had its “outperform” rating reaffirmed by research analysts at Raymond James in a report issued on Thursday, BayStreet.CA reports. They presently have a C$190.00 target price on the stock. Raymond James’ target price points to a potential upside of 10.86% from the stock’s previous close.
BYD.UN has been the subject of several other research reports. Laurentian lifted their price objective on Boyd Group Income Fund from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Cormark set a C$180.00 price objective on Boyd Group Income Fund in a research note on Thursday. CIBC lifted their price objective on Boyd Group Income Fund from C$187.00 to C$194.00 in a research note on Tuesday, August 6th. National Bank Financial lifted their price objective on Boyd Group Income Fund from C$195.00 to C$205.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on Boyd Group Income Fund from C$154.00 to C$190.00 in a research note on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Boyd Group Income Fund currently has an average rating of “Buy” and an average price target of C$187.50.
TSE:BYD.UN opened at C$171.38 on Thursday. The firm has a market capitalization of $3.41 billion and a price-to-earnings ratio of 45.58. Boyd Group Income Fund has a 52-week low of C$102.59 and a 52-week high of C$182.22. The stock has a fifty day moving average of C$171.57 and a 200 day moving average of C$152.02. The company has a debt-to-equity ratio of 152.88, a quick ratio of 0.43 and a current ratio of 0.61.
In other news, Director Sally Ann Savoia purchased 1,000 shares of the stock in a transaction on Friday, June 28th. The shares were acquired at an average price of C$165.50 per share, for a total transaction of C$165,500.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately 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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