Boyd Group Income Fund (TSE:BYD.UN) Reaches New 52-Week High at $193.31

Shares of Boyd Group Income Fund (TSE:BYD.UN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$193.31 and last traded at C$191.43, with a volume of 70197 shares. The stock had previously closed at C$190.84.

A number of equities analysts recently issued reports on the stock. TD Securities increased their price target on shares of Boyd Group Income Fund from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. CIBC increased their price target on shares of Boyd Group Income Fund from C$187.00 to C$194.00 in a research note on Tuesday, August 6th. 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. Desjardins upped their price objective on shares of Boyd Group Income Fund from C$190.00 to C$195.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, Laurentian upped their price objective on shares of 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$195.50.

The firm has a market cap of $3.86 billion and a PE ratio of 51.15. 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 stock’s fifty day simple moving average is C$179.77 and its two-hundred day simple moving average is C$169.13.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Wednesday, October 30th. Boyd Group Income Fund’s dividend payout ratio (DPR) is presently 14.24%.

In other Boyd Group Income Fund news, Senior Officer Eric Danberg sold 750 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$174.60, for a total value of C$130,950.00. Following the sale, the insider now owns 21,271 shares in the company, valued at C$3,713,916.60.

Boyd Group Income Fund Company Profile (TSE:BYD.UN)

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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