Bird Construction Inc. (TSE:BDT) Receives Consensus Recommendation of "Buy" from Brokerages

Bird Construction Inc. (TSE:BDT - Get Free Report) has been given an average recommendation of "Buy" by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$32.44.

Several equities analysts have weighed in on BDT shares. Raymond James raised shares of Bird Construction from an "outperform" rating to a "strong-buy" rating and set a C$35.00 price target on the stock in a report on Tuesday, April 22nd. Cibc World Mkts upgraded shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 14th. CIBC increased their price target on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. TD Securities raised their price target on Bird Construction from C$26.00 to C$31.00 in a report on Thursday, May 22nd. Finally, National Bankshares lowered their price objective on 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 Stock Up 0.0%

Shares of BDT stock opened at C$27.94 on Friday. The company has a 50 day simple moving average of C$24.01 and a two-hundred day simple moving average of C$24.04. The stock has a market cap of C$1.56 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 12 month low of C$17.52 and a 12 month 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.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.01%. Bird Construction's dividend payout ratio is presently 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.

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