Bird Construction Inc. (TSE:BDT) Given Consensus Recommendation of "Buy" by Analysts

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

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Raymond James Financial raised shares of Bird Construction from an "outperform" rating to a "strong-buy" rating and set a C$35.00 price objective on the stock in a report on Tuesday, April 22nd. TD Securities lifted their price objective on shares of Bird Construction from C$26.00 to C$31.00 in a report on Thursday, May 22nd. CIBC lifted their price objective on shares of Bird Construction from C$31.00 to C$31.50 in a report on Thursday, May 22nd. Finally, Stifel Nicolaus cut their price objective on shares of Bird Construction from C$34.50 to C$34.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd.

Bird Construction Stock Up 0.3%

BDT stock traded up C$0.08 during midday trading on Thursday, reaching C$29.78. 26,316 shares of the company's stock traded hands, compared to its average volume of 193,526. The company has a market cap of C$1.66 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 0.53 and a beta of 1.05. The firm's fifty day moving average price is C$27.02 and its 200-day moving average price is C$24.09. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$32.67.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Thursday, July 31st. Bird Construction's dividend payout ratio (DPR) is currently 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.