Analysts Set Boyd Group Income Fund (TSE:BYD.UN) Target Price at C$195.50

Boyd Group Income Fund (TSE:BYD.UN) has been given an average rating of “Buy” by the eight research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$195.50.

BYD.UN has been the topic of several recent analyst reports. National Bank Financial raised their price target on Boyd Group Income Fund from C$195.00 to C$205.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. TD Securities raised their price target on Boyd Group Income Fund from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Cormark set a C$200.00 price target on Boyd Group Income Fund in a report on Thursday, September 19th. Laurentian raised their price target on Boyd Group Income Fund from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Desjardins raised their price target on Boyd Group Income Fund from C$190.00 to C$195.00 and gave the company a “hold” rating in a report on Friday, August 16th.

Shares of TSE:BYD.UN traded up C$1.94 on Thursday, hitting C$177.46. The company’s stock had a trading volume of 32,093 shares, compared to its average volume of 32,712. The company has a 50-day simple moving average of C$177.19 and a 200 day simple moving average of C$162.61. Boyd Group Income Fund has a 1 year low of C$102.59 and a 1 year high of C$187.04. The company has a market capitalization of $3.53 billion and a PE ratio of 46.81. The company has a debt-to-equity ratio of 150.87, a current ratio of 0.61 and a quick ratio of 0.43.

The firm also recently declared a monthly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 26th were issued a $0.045 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.54 annualized dividend and a dividend yield of 0.30%. Boyd Group Income Fund’s payout ratio is currently 14.24%.

In related news, Senior Officer Eric Danberg sold 1,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of C$177.28, for a total transaction of C$212,730.24. Following the transaction, the insider now directly owns 20,071 shares of the company’s stock, valued at approximately C$3,558,090.54.

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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