CIBC Increases Boyd Group Income Fund (TSE:BYD.UN) Price Target to C$194.00

Boyd Group Income Fund (TSE:BYD.UN) had its target price raised by analysts at CIBC from C$187.00 to C$194.00 in a research report issued on Tuesday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 10.16% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. National Bank Financial lifted their price target on shares of Boyd Group Income Fund from C$175.00 to C$195.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Laurentian lifted their price objective on shares of Boyd Group Income Fund from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. BMO Capital Markets lifted their price objective on shares of Boyd Group Income Fund from C$154.00 to C$190.00 in a research note on Thursday, May 16th. Raymond James lifted their price objective on shares of Boyd Group Income Fund from C$160.00 to C$180.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Finally, TD Securities lifted their price objective on shares of Boyd Group Income Fund from C$160.00 to C$190.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Boyd Group Income Fund has an average rating of “Buy” and an average target price of C$171.00.

Shares of BYD.UN traded up C$2.00 during mid-day trading on Tuesday, hitting C$176.11. The company had a trading volume of 29,476 shares, compared to its average volume of 32,712. The business has a 50-day moving average of C$169.90. 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 1-year low of C$160.54 and a 1-year high of C$178.42. The company has a market cap of $3.48 billion and a PE ratio of 46.22.

In other Boyd Group Income Fund news, Director Sally Ann Savoia bought 1,000 shares of the stock in a transaction on Friday, June 28th. The stock was purchased at an average price of C$165.50 per share, for a total transaction of C$165,500.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at C$827,500.

Boyd Group Income Fund Company Profile

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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