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Scotiabank Believes Boyd Group Fund (BYD.UN) Won’t Stop Here


Boyd Group Fund (TSX: BYD.UN), the Utilities sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Scotiabank’s analyst Michael Doumet reiterates their Buy rating on the shares, with a C$145 price target.

According to TipRanks.com, Doumet is ranked #1547 out of 4884 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Boyd Group Fund with a C$131.29 average price target.

Boyd Group Fund’s market cap is currently C$2.48B and has a P/E ratio of 32.4. The company has a Price to Book ratio of 5.00.

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$125.97, close to its 52-week high of C$133.