Bird Construction Inc. (TSE:BDT) Receives C$32.44 Average Target Price from Analysts

Bird Construction Inc. (TSE:BDT - Get Free Report) has been assigned a consensus rating of "Buy" from the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$32.44.

A number of brokerages recently issued reports on BDT. Stifel Nicolaus lowered their price target on Bird Construction from C$34.50 to C$34.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. CIBC boosted their price objective on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Cibc World Mkts upgraded Bird Construction from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 14th. National Bankshares reduced their price objective on Bird Construction from C$30.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating for the company in a report on Friday, March 14th.

Bird Construction Stock Up 0.1%

Shares of Bird Construction stock traded up C$0.03 on Thursday, reaching C$29.70. 150,777 shares of the company were exchanged, compared to its average volume of 194,809. The stock's 50 day moving average price is C$26.87 and its 200-day moving average price is C$24.06. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market cap of C$1.66 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67.

Bird Construction Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. Bird Construction's dividend payout ratio (DPR) is 50.87%.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.