Cormark set a C$200.00 price objective on Boyd Group Income Fund (TSE:BYD.UN) in a research report released on Thursday morning, BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. TD Securities raised their price target on Boyd Group Income Fund from C$190.00 to C$200.00 and gave the stock a buy rating in a research note on Thursday, August 15th. CIBC raised their price target on Boyd Group Income Fund from C$187.00 to C$194.00 in a research note on Tuesday, August 6th. Raymond James restated an outperform rating and set a C$190.00 price target on shares of Boyd Group Income Fund in a research note on Wednesday, September 18th. Desjardins raised their price target on Boyd Group Income Fund from C$190.00 to C$195.00 and gave the stock a hold rating in a research note on Friday, August 16th. Finally, National Bank Financial increased their price objective on Boyd Group Income Fund from C$195.00 to C$205.00 and gave the stock an outperform rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of C$195.50.

TSE:BYD.UN opened at C$181.04 on Thursday. The stock’s 50 day moving average price is C$174.96 and its 200 day moving average price is C$157.13. The company has a market capitalization of $3.60 billion and a PE ratio of 47.76. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 150.87. Boyd Group Income Fund has a 52-week low of C$102.59 and a 52-week high of C$187.04.

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 26th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.54 annualized dividend and a dividend yield of 0.30%. Boyd Group Income Fund’s dividend payout ratio is currently 14.24%.

In other news, Director Sally Ann Savoia acquired 1,000 shares of Boyd Group Income Fund stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of C$165.50 per share, with a total value of C$165,500.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately C$827,500. Also, Senior Officer Eric Danberg sold 750 shares of Boyd Group Income Fund stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$174.60, for a total value of C$130,950.00. Following the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at C$3,713,916.60.

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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