Boyd Group Income Fund (TSE:BYD.UN) Earns Outperform Rating from Raymond James
Boyd Group Income Fund (TSE:BYD.UN)‘s stock had its “outperform” rating restated by equities researchers at Raymond James in a report issued on Wednesday, BayStreet.CA reports. They currently have a C$190.00 price target on the stock. Raymond James’ price target points to a potential upside of 5.12% from the stock’s previous close.
Several other brokerages also recently commented on BYD.UN. National Bank Financial boosted their target price on Boyd Group Income Fund from C$195.00 to C$205.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. CIBC boosted their target price on Boyd Group Income Fund from C$187.00 to C$194.00 in a report on Tuesday, August 6th. TD Securities upped their price objective on Boyd Group Income Fund from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Laurentian upped their price objective on Boyd Group Income Fund from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Desjardins upped their price objective on Boyd Group Income Fund from C$190.00 to C$195.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$193.00.
BYD.UN stock opened at C$180.75 on Wednesday. Boyd Group Income Fund has a 1-year low of C$102.59 and a 1-year high of C$187.04. The firm has a market cap of $3.59 billion and a P/E ratio of 47.68. The business’s 50 day moving average is C$174.78 and its 200-day moving average is C$156.57. The company has a current ratio of 0.61, a quick ratio of 0.43 and a debt-to-equity ratio of 150.87.
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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