Boyd Group Income Fund (TSE:BYD.UN) had its price objective lifted by BMO Capital Markets from C$154.00 to C$190.00 in a report released on Thursday, BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Raymond James upped their price objective on shares of Boyd Group Income Fund from C$160.00 to C$180.00 and gave the company an outperform rating in a report on Thursday. National Bank Financial upped their price objective on shares of Boyd Group Income Fund from C$145.00 to C$155.00 and gave the company an outperform rating in a report on Friday, March 22nd. Desjardins upped their price objective on shares of Boyd Group Income Fund from C$138.00 to C$151.00 in a report on Friday, March 22nd. CIBC upped their price objective on shares of Boyd Group Income Fund from C$161.00 to C$187.00 in a report on Thursday. Finally, TD Securities upped their price objective on shares of Boyd Group Income Fund from C$135.00 to C$160.00 and gave the company a buy rating in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of C$165.25.

Shares of BYD.UN opened at C$168.79 on Thursday. The firm has a market cap of $3.32 billion and a P/E ratio of 47.44. Boyd Group Income Fund has a 1-year low of C$81.76 and a 1-year high of C$111.99. The company has a debt-to-equity ratio of 46.53, a quick ratio of 0.67 and a current ratio of 0.93.

The business also recently disclosed a monthly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 26th were issued a $0.045 dividend. This is an increase from Boyd Group Income Fund’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Thursday, March 28th. Boyd Group Income Fund’s payout ratio is currently 15.18%.

In other Boyd Group Income Fund news, Senior Officer Edward Cheskis sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of C$136.03, for a total value of C$54,410.40. Following the transaction, the insider now directly owns 114,153 shares in the company, valued at C$15,527,775.98.

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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