Shares of Boyd Group Income Fund (TSE:BYD.UN) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$200.44.
Several brokerages have recently weighed in on BYD.UN. Cormark set a C$200.00 price target on shares of Boyd Group Income Fund in a research note on Thursday, September 19th. Desjardins raised their target price on 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. AltaCorp Capital downgraded Boyd Group Income Fund from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$190.00 to C$200.00 in a research report on Thursday, November 14th. TD Securities boosted their price target on Boyd Group Income Fund from C$200.00 to C$215.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Raymond James reissued an “outperform” rating and set a C$215.00 price target on shares of Boyd Group Income Fund in a report on Thursday, November 14th.
In other Boyd Group Income Fund news, Senior Officer Tim O’day sold 67,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$192.25, for a total value of C$12,976,875.00. Following the completion of the transaction, the insider now directly owns 60,674 shares in the company, valued at approximately C$11,664,576.50. Also, Senior Officer Eric Danberg sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$177.28, for a total value of C$212,730.24. Following the completion of the transaction, the insider now owns 20,071 shares of the company’s stock, valued at C$3,558,090.54. Insiders sold a total of 143,700 shares of company stock valued at $27,608,355 in the last quarter.
BYD.UN stock traded down C$0.49 during midday trading on Friday, reaching C$198.50. 25,638 shares of the company’s stock traded hands, compared to its average volume of 32,712. Boyd Group Income Fund has a 52-week low of C$103.17 and a 52-week high of C$204.94. The stock has a market cap of $3.94 billion and a P/E ratio of 52.37. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 160.65. The stock’s 50-day moving average is C$189.54 and its 200 day moving average is C$174.95.
The company also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a $0.046 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.55 annualized dividend and a yield of 0.28%. This is an increase from Boyd Group Income Fund’s previous monthly dividend of $0.05. Boyd Group Income Fund’s dividend payout ratio is currently 14.51%.
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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