TD Securities Increases Boyd Group Income Fund (TSE:BYD.UN) Price Target to C$200.00

Boyd Group Income Fund (TSE:BYD.UN) had its price target raised by TD Securities from C$190.00 to C$200.00 in a research note published on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages have also weighed in on BYD.UN. Raymond James restated an outperform rating and issued a C$190.00 price objective on shares of Boyd Group Income Fund in a report on Thursday. BMO Capital Markets lifted their price target on Boyd Group Income Fund from C$154.00 to C$190.00 in a report on Thursday, May 16th. National Bank Financial lifted their price target on 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. Laurentian lifted 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 report on Monday, July 22nd. Finally, CIBC lifted their price target on Boyd Group Income Fund from C$187.00 to C$194.00 in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$193.00.

Shares of BYD.UN stock opened at C$175.31 on Thursday. The stock’s fifty day moving average is C$171.76 and its two-hundred day moving average is C$152.14. The company has a debt-to-equity ratio of 152.88, a quick ratio of 0.43 and a current ratio of 0.61. The firm has a market capitalization of $3.48 billion and a P/E ratio of 46.63. Boyd Group Income Fund has a fifty-two week low of C$102.59 and a fifty-two week high of C$182.22.

In related news, Director Sally Ann Savoia purchased 1,000 shares of Boyd Group Income Fund stock in a transaction dated 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 acquisition, the director now directly owns 5,000 shares in the company, 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 trade names in the United States and Canada.

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