Brokerages Set Bird Construction Inc. (TSE:BDT) PT at C$32.69

Bird Construction Inc. (TSE:BDT - Get Free Report) has received an average recommendation of "Buy" from the nine research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$32.44.

A number of equities research analysts have commented on BDT shares. TD Securities raised their price objective on Bird Construction from C$26.00 to C$31.00 in a research note on Thursday. Canaccord Genuity Group decreased their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Stifel Nicolaus lowered 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. National Bankshares dropped 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 note on Thursday. Finally, Cibc World Mkts raised shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 14th.

Bird Construction Stock Up 1.0%

TSE:BDT traded up C$0.27 during trading hours on Wednesday, reaching C$26.30. The company had a trading volume of 78,635 shares, compared to its average volume of 212,761. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$32.67. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The firm has a market cap of C$1.47 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.53 and a beta of 1.05. The business's 50-day simple moving average is C$22.30 and its two-hundred day simple moving average is C$24.21.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, April 30th. Bird Construction's dividend payout ratio 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.