Boyd Group Income Fund (TSE:BYD.UN) Given Consensus Recommendation of “Buy” by Brokerages

Boyd Group Income Fund (TSE:BYD.UN) has earned an average rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$170.22.

A number of equities analysts have issued reports on BYD.UN shares. Laurentian increased 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 research report on Monday, July 22nd. National Bank Financial increased their price target on Boyd Group Income Fund from C$175.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. BMO Capital Markets increased their price target on Boyd Group Income Fund from C$154.00 to C$190.00 in a research report on Thursday, May 16th. TD Securities increased their price target on Boyd Group Income Fund from C$160.00 to C$190.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, CIBC raised their target price on Boyd Group Income Fund from C$161.00 to C$187.00 in a research report on Thursday, May 16th.

In other news, Director Sally Ann Savoia bought 1,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately C$827,500.

BYD.UN stock traded up C$1.70 during mid-day trading on Friday, reaching C$174.11. 19,661 shares of the company’s stock were exchanged, compared to its average volume of 32,712. The firm has a market capitalization of $3.46 billion and a P/E ratio of 45.70. The firm has a 50 day moving average of C$169.58. The company has a current ratio of 0.61, a quick ratio of 0.43 and a debt-to-equity ratio of 152.88. Boyd Group Income Fund has a 12-month low of C$160.54 and a 12-month high of C$178.42.

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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