Boyd Group Income Fund (BYD.UN) Price Target Raised to C$190.00 at BMO Capital Markets
Boyd Group Income Fund (TSE:BYD.UN) had its target price hoisted by BMO Capital Markets from C$154.00 to C$190.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.
A number of other research analysts have also recently commented on BYD.UN. Desjardins dropped their target price on shares of Boyd Group Income Fund from C$140.00 to C$138.00 and set an average rating for the company in a report on Wednesday, February 27th. Cormark increased their target price on shares of Boyd Group Income Fund from C$124.25 to C$134.00 in a report on Tuesday, March 5th. National Bank Financial raised Boyd Group Income Fund from a sector perform rating to an outperform rating and upped their price objective for the company from C$125.00 to C$145.00 in a research note on Monday, March 11th. Raymond James reaffirmed an outperform rating and issued a C$150.00 price objective on shares of Boyd Group Income Fund in a research note on Friday, March 22nd. Finally, CIBC upped their price objective on Boyd Group Income Fund from C$132.00 to C$161.00 in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of C$165.25.
BYD.UN stock opened at C$168.79 on Thursday. The stock has a market capitalization of $3.32 billion and a PE ratio of 47.44. The company has a debt-to-equity ratio of 46.53, a current ratio of 0.93 and a quick ratio of 0.67. Boyd Group Income Fund has a 12 month low of C$81.76 and a 12 month high of C$111.99.
In other news, Senior Officer Edward Cheskis sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of C$136.03, for a total value of C$54,410.40. Following the completion of the transaction, the insider now owns 114,153 shares of the company’s stock, valued at C$15,527,775.98.
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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