Boyd Group Income Fund (TSE:BYD.UN) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$195.50.
A number of equities research analysts have commented on BYD.UN shares. Raymond James reissued an “outperform” rating and set a C$190.00 price objective on shares of Boyd Group Income Fund in a report on Wednesday, September 18th. Laurentian increased their price objective on shares of 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. CIBC increased their price objective on shares of Boyd Group Income Fund from C$187.00 to C$194.00 in a report on Tuesday, August 6th. Desjardins increased their price objective on shares of 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. Finally, TD Securities increased their price objective on shares of 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.
In other news, Senior Officer Eric Danberg sold 750 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$174.60, for a total value of C$130,950.00. Following the transaction, the insider now owns 21,271 shares of the company’s stock, valued at approximately C$3,713,916.60.
TSE:BYD.UN traded down C$0.17 during mid-day trading on Monday, reaching C$193.91. 118,881 shares of the company were exchanged, compared to its average volume of 32,712. Boyd Group Income Fund has a 12 month low of C$102.59 and a 12 month high of C$188.17. The company has a fifty day moving average of C$179.77 and a 200 day moving average of C$169.13. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 150.87. The stock has a market cap of $3.86 billion and a PE ratio of 51.15.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, October 30th. Boyd Group Income Fund’s dividend payout ratio (DPR) is presently 14.24%.
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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