Boyd Group Income Fund (TSE:BYD.UN) Stock Crosses Below Fifty Day Moving Average of $168.55

Boyd Group Income Fund (TSE:BYD.UN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $168.55 and traded as low as $169.19. Boyd Group Income Fund shares last traded at $169.76, with a volume of 15,189 shares.

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their target price on SilverCrest Metals from C$6.50 to C$7.00 in a report on Thursday, May 16th. National Bank Financial boosted their target price on Yellow Pages from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. CIBC reissued a “hold” rating and set a $3.00 target price on shares of Information Services Group in a report on Thursday, May 16th. TD Securities boosted their target price on Yellow Pages from C$8.00 to C$9.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Finally, Raymond James set a C$3.50 target price on StorageVault Canada and gave the stock a “strong-buy” rating in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Boyd Group Income Fund has an average rating of “Buy” and a consensus target price of C$165.25.

The stock has a fifty day moving average price of C$168.78. The company has a current ratio of 0.61, a quick ratio of 0.43 and a debt-to-equity ratio of 152.88. The company has a market cap of $3.34 billion and a P/E ratio of 44.09.

In related news, Director Sally Ann Savoia purchased 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of C$165.50 per share, for a total transaction of C$165,500.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately C$827,500.

Boyd Group Income Fund Company Profile (TSE:BYD.UN)

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.

Recommended Story: Price to Earnings Ratio (PE)

Receive News & Ratings for Boyd Group Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Group Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.