Boyd Group Income Fund (TSE:BYD.UN) has earned an average rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$144.78.

A number of analysts have commented on BYD.UN shares. Desjardins boosted their price target on shares of Boyd Group Income Fund from C$138.00 to C$151.00 in a research note on Friday, March 22nd. BMO Capital Markets restated an “average” rating and set a C$154.00 price target on shares of Boyd Group Income Fund in a research note on Friday, March 22nd. National Bank Financial boosted their price target on shares of Boyd Group Income Fund from C$145.00 to C$155.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Raymond James restated an “outperform” rating and set a C$150.00 price target on shares of Boyd Group Income Fund in a research note on Friday, March 22nd. Finally, CIBC boosted their price target on shares of Boyd Group Income Fund from C$132.00 to C$161.00 in a research note on Friday, March 22nd.

In other Boyd Group Income Fund news, Senior Officer Edward Cheskis sold 400 shares of the business’s 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 sale, the insider now owns 114,153 shares in the company, valued at approximately C$15,527,775.98.

Boyd Group Income Fund stock opened at C$147.53 on Thursday. The company has a debt-to-equity ratio of 46.53, a quick ratio of 0.67 and a current ratio of 0.93. Boyd Group Income Fund has a 12-month low of C$81.76 and a 12-month high of C$111.99. The firm has a market cap of $2.90 billion and a P/E ratio of 41.46.

The firm also recently declared a monthly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, March 28th. This is a positive change from Boyd Group Income Fund’s previous monthly dividend of $0.04. Boyd Group Income Fund’s payout ratio is 15.18%.

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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