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

Key Points

• Bird Construction Inc. has a consensus rating of "Buy" from five analysts, with the average 12-month target price set at C$32.44.
• The company recently announced a monthly dividend of $0.07 per share, yielding 3.0%, with a payout ratio of 50.87%.
• Despite positive ratings, Bird Construction's stock price has decreased 2.6% recently, currently opening at C$28.11.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have been assigned an average recommendation of "Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$32.44.

Several brokerages have issued reports on BDT. TD Securities raised their price target on Bird Construction from C$26.00 to C$31.00 in a report on Thursday, May 22nd. CIBC upped their price target on shares of Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Raymond James Financial cut Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 17th. National Bankshares lowered their target price on Bird Construction from C$30.00 to C$28.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Finally, BMO Capital Markets boosted their price target on Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd.

Bird Construction Stock Performance

Shares of BDT stock traded down C$0.30 on Monday, reaching C$28.69. The stock had a trading volume of 40,504 shares, compared to its average volume of 185,035. The firm's 50-day moving average is C$28.45 and its two-hundred day moving average is C$24.64. The firm has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 0.53 and a beta of 1.05. 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 12 month low of C$17.52 and a 12 month high of C$32.67.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th will be issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 31st. Bird Construction's dividend payout ratio (DPR) is currently 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.