Brokerages Set Bird Construction Inc. (TSE:BDT) Price Target at C$31.61

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have been given a consensus rating of "Buy" by the ten ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$31.61.

BDT has been the subject of a number of research analyst reports. TD Securities decreased their target price on Bird Construction from C$36.00 to C$33.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Cibc World Mkts upgraded shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a report on Friday, March 14th. National Bankshares lowered their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a "sector perform" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group lowered their target price on 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. Finally, Raymond James raised Bird Construction from an "outperform" rating to a "strong-buy" rating and set a C$35.00 price target for the company in a research report on Tuesday, April 22nd.

Bird Construction Price Performance

Shares of TSE:BDT traded up C$0.65 during midday trading on Friday, reaching C$21.76. 22,319 shares of the company were exchanged, compared to its average volume of 205,320. Bird Construction has a one year low of C$17.52 and a one year high of C$32.67. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The business's fifty day moving average is C$21.01 and its two-hundred day moving average is C$24.93. The stock has a market cap of C$1.22 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, April 30th. Bird Construction's dividend payout ratio (DPR) is presently 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.