National Bank Financial Raises Boyd Group Income Fund (BYD.UN) Price Target to C$155.00

Boyd Group Income Fund (TSE:BYD.UN) had its price target increased by stock analysts at National Bank Financial from C$145.00 to C$155.00 in a note issued to investors on Friday, March 22nd, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 4.08% from the company’s previous close.

BYD.UN has been the subject of several other reports. BMO Capital Markets reiterated an “average” rating and set a C$154.00 price objective on shares of Boyd Group Income Fund in a research report on Friday, March 22nd. Cormark increased their target price on shares of Boyd Group Income Fund from C$124.25 to C$134.00 in a research note on Tuesday, March 5th. Raymond James reissued an “outperform” rating and set a C$150.00 target price on shares of Boyd Group Income Fund in a research note on Friday, March 22nd. Finally, Desjardins cut their target price on shares of Boyd Group Income Fund from C$140.00 to C$138.00 and set an “average” rating on the stock in a research note on Wednesday, February 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$144.78.

TSE BYD.UN traded down C$0.35 on Friday, hitting C$148.93. The company’s stock had a trading volume of 66,018 shares, compared to its average volume of 32,712. Boyd Group Income Fund has a 1-year low of C$81.76 and a 1-year high of C$111.99. The company has a debt-to-equity ratio of 46.53, a quick ratio of 0.67 and a current ratio of 0.93. The stock has a market cap of $2.93 billion and a P/E ratio of 41.86.

In related news, Senior Officer Edward Cheskis sold 200 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$138.45, for a total transaction of C$27,690.96. Following the completion of the sale, the insider now owns 217,853 shares in the company, valued at C$30,162,793.54.

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 trade names in the United States and Canada.

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