National Bank Financial Raises Boyd Group Income Fund (BYD.UN) Price Target to C$175.00

Boyd Group Income Fund (TSE:BYD.UN) had its target price hoisted by National Bank Financial from C$155.00 to C$175.00 in a research note published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

BYD.UN has been the subject of a number of other reports. BMO Capital Markets upped their target price on shares of Boyd Group Income Fund from C$154.00 to C$190.00 in a report on Thursday. Raymond James upped their target price on shares of Boyd Group Income Fund from C$160.00 to C$180.00 and gave the company an outperform rating in a report on Thursday. Desjardins upped their target price on shares of Boyd Group Income Fund from C$138.00 to C$151.00 in a report on Friday, March 22nd. CIBC upped their target price on shares of Boyd Group Income Fund from C$161.00 to C$187.00 in a report on Thursday. Finally, TD Securities upped their target price on shares of Boyd Group Income Fund from C$135.00 to C$160.00 and gave the company a buy rating in a report on Monday, March 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of C$165.25.

BYD.UN opened at C$168.79 on Thursday. 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 twelve month low of C$81.76 and a twelve month high of C$111.99. The company has a market cap of $3.32 billion and a PE ratio of 47.44.

The firm also recently announced a monthly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 26th were issued a dividend of $0.045 per share. This is a boost from Boyd Group Income Fund’s previous monthly dividend of $0.04. This represents a $0.54 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, March 28th. Boyd Group Income Fund’s dividend payout ratio is currently 15.18%.

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