Bird Construction Inc. (TSE:BDT) Receives Average Rating of "Buy" from Brokerages

Bird Construction Inc. (TSE:BDT - Get Free Report) has earned a consensus recommendation of "Buy" from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$32.44.

BDT has been the topic of several analyst reports. TD Securities upped their price target on Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. Stifel Nicolaus decreased their price target on Bird Construction from C$34.50 to C$34.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. CIBC upped their price target on Bird Construction from C$31.00 to C$31.50 in a research report on Thursday, May 22nd. BMO Capital Markets upped their price target on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. Finally, National Bankshares decreased their price objective on shares of Bird Construction from C$30.00 to C$28.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd.

Bird Construction Price Performance

Shares of BDT traded down C$0.05 during midday trading on Thursday, hitting C$29.65. 79,333 shares of the company traded hands, compared to its average volume of 193,941. The stock has a 50-day moving average of C$27.15 and a 200-day moving average of C$24.10. Bird Construction has a one year low of C$17.52 and a one year high of C$32.67. The firm has a market cap of C$1.66 billion, a P/E ratio of 17.95, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction Announces Dividend

The business 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. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, July 31st. Bird Construction's dividend payout ratio (DPR) is 50.87%.

About Bird Construction

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.