Desjardins Believes Boyd Group Fund (BYD.UN) Won’t Stop Here
In a new note to investors yesterday, an analyst has provided a rating update for Boyd Group Fund (BYD.UN). The company received a Buy rating from Desjardins’ analyst David Newman, with a C$151 price target.
Newman has an average return of 17.9% when recommending Boyd Group Fund.
According to TipRanks.com, Newman is ranked #2556 out of 5265 analysts.
Boyd Group Fund has an analyst consensus of Moderate Buy, with a price target consensus of C$152.50, an 8.1% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$154 price target.
Based on Boyd Group Fund’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$29.9 million. In comparison, last year the company had a net profit of C$23.17 million.
Boyd Group Income Fund is an unincorporated and open-minded fund trust, which engages in managing non-franchised collision repair centers and retails of auto glass. Its businesses include Boyd Autobody and Glass, Gerber Collision and Glass, Gerber National Claim Services, Glass America, and Assured Automotive.
The company’s shares closed on Thursday at C$141.13, close to its 52-week high of C$142.46.