Boyd Group Income Fund (TSE:BYD.UN) had its target price lifted by CIBC from C$161.00 to C$187.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 12.41% from the company’s current price.
A number of other brokerages also recently weighed in on BYD.UN. Desjardins boosted 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. Raymond James boosted their target price on shares of Boyd Group Income Fund from C$160.00 to C$180.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities boosted their target price on shares of Boyd Group Income Fund from C$135.00 to C$160.00 and gave the stock a “buy” rating in a report on Monday, March 25th. National Bank Financial boosted their target price on shares of Boyd Group Income Fund from C$145.00 to C$155.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, BMO Capital Markets restated an “average” rating and set a C$154.00 target price on shares of Boyd Group Income Fund in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$157.22.
Shares of TSE BYD.UN traded up C$3.00 during midday trading on Thursday, reaching C$166.36. The company’s stock had a trading volume of 51,498 shares, compared to its average volume of 32,712. The company has a market capitalization of $3.26 billion and a PE ratio of 46.76. Boyd Group Income Fund has a fifty-two week low of C$81.76 and a fifty-two week high of C$111.99. The company has a quick ratio of 0.67, a current ratio of 0.93 and a debt-to-equity ratio of 46.53.
In other Boyd Group Income Fund news, Senior Officer Edward Cheskis sold 400 shares of Boyd Group Income Fund stock in a transaction on Thursday, March 28th. The shares were sold at an average price of C$136.03, for a total transaction of C$54,410.40. Following the completion of the transaction, the insider now directly owns 114,153 shares of the company’s stock, valued at C$15,527,775.98.
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.
Further Reading: Oversold
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