BMO Capital Markets Cuts Boyd Group Income Fund (BYD.UN) Price Target to C$98.00
Boyd Group Income Fund (TSE:BYD.UN) had its target price cut by investment analysts at BMO Capital Markets from C$111.00 to C$98.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock.
BYD.UN has been the topic of a number of other reports. Scotiabank raised their price objective on shares of Boyd Group Income Fund from C$92.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Monday, May 15th. Raymond James Financial, Inc. raised their price objective on shares of Boyd Group Income Fund from C$90.00 to C$100.00 in a report on Tuesday, May 16th. Finally, Royal Bank of Canada raised their price objective on shares of Boyd Group Income Fund from C$94.00 to C$105.00 and gave the stock a “sector perform” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$101.86.
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About Boyd Group Income Fund
Boyd Group Income Fund (the Fund) is an unincorporated, open-ended mutual fund trust. The Fund’s primary line of business is automotive collision and glass repair and related services. It operates in automotive collision repair and related services segment. It is engaged in acquiring and holding an interest in The Boyd Group Inc The Boyd Group Inc’s business consists of the ownership and operation of autobody/autoglass repair facilities and related services.
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