Boyd Group Income Fund (TSE:BYD.UN) had its price objective raised by CIBC from C$161.00 to C$187.00 in a research note released on Thursday morning, BayStreet.CA reports.
BYD.UN has been the topic of several other reports. National Bank Financial upgraded Boyd Group Income Fund from a sector perform rating to an outperform rating and boosted their target price for the stock from C$125.00 to C$145.00 in a research note on Monday, March 11th. BMO Capital Markets restated an average rating and set a C$154.00 target price on shares of Boyd Group Income Fund in a research note on Friday, March 22nd. Cormark boosted their target price on Boyd Group Income Fund from C$124.25 to C$134.00 in a research note on Tuesday, March 5th. Raymond James restated an outperform rating and set a C$150.00 target price on shares of Boyd Group Income Fund in a research note on Friday, March 22nd. Finally, TD Securities boosted their target price on Boyd Group Income Fund from C$135.00 to C$160.00 and gave the stock a buy rating in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of C$161.50.
Shares of TSE:BYD.UN traded up C$0.60 on Thursday, reaching C$167.99. The company had a trading volume of 27,268 shares, compared to its average volume of 32,712. Boyd Group Income Fund has a 52-week low of C$81.76 and a 52-week high of C$111.99. The company has a market capitalization of $3.30 billion and a PE ratio of 47.21. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 46.53.
The firm also recently announced a monthly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 26th were paid a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 0.32%. This is an increase from Boyd Group Income Fund’s previous monthly dividend of $0.04. The ex-dividend date was Thursday, March 28th. Boyd Group Income Fund’s payout ratio is 15.18%.
In related news, Senior Officer Edward Cheskis sold 400 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of C$136.03, for a total transaction of C$54,410.40. Following the transaction, the insider now directly owns 114,153 shares in the company, valued at approximately 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.
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