National Bankshares Cuts Bird Construction (TSE:BDT) Price Target to C$26.00

Key Points

• National Bankshares has reduced the price target for Bird Construction from C$28.00 to C$26.00, maintaining an "outperform" rating that suggests a potential upside of 6.60% from the current stock price.
• Other analyst reports vary, with TD Securities raising its target to C$31.00, while Raymond James downgraded the stock from "strong-buy" to "moderate buy."
• Currently, Bird Construction has a consensus rating of "Buy" with an average price target of C$32.19, despite its recent performance showing a decline to C$24.39.

Bird Construction (TSE:BDT - Free Report) had its price objective cut by National Bankshares from C$28.00 to C$26.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on BDT. Raymond James Financial lowered shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus decreased their price target on shares of Bird Construction from C$34.50 to C$34.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. BMO Capital Markets increased their target price on shares of Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. CIBC increased their target price on shares of Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Finally, TD Securities increased their target price on shares of Bird Construction from C$26.00 to C$31.00 in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, Bird Construction currently has an average rating of "Buy" and an average target price of C$32.38.

Bird Construction Trading Up 0.6%

Shares of BDT stock traded up C$0.14 during trading hours on Friday, reaching C$23.45. 380,849 shares of the stock traded hands, compared to its average volume of 201,737. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67. The business has a fifty day moving average price of C$28.37 and a 200 day moving average price of C$24.81. 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 capitalization of C$1.31 billion, a PE ratio of 14.20, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a yield of 3.6%. Bird Construction's payout ratio is 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.