Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$17.52 and last traded at C$18.20, with a volume of 42669 shares trading hands. The stock had previously closed at C$18.98.
Analyst Upgrades and Downgrades
A number of research firms recently commented on BDT. CIBC lowered their price objective on shares of Bird Construction from C$36.00 to C$31.00 in a research report on Friday, March 14th. Cibc World Mkts upgraded Bird Construction from a "hold" rating to a "strong-buy" rating in a report on Friday, March 14th. Canaccord Genuity Group cut their price objective on Bird Construction from C$36.00 to C$35.00 and set a "buy" rating on the stock in a report on Friday, March 14th. National Bankshares lowered their target price on Bird Construction from C$32.00 to C$30.00 and set a "sector perform" rating for the company in a research note on Friday, March 14th. Finally, Stifel Nicolaus cut their price target on shares of Bird Construction from C$38.00 to C$37.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$32.67.
Get Our Latest Analysis on Bird Construction
Bird Construction Price Performance
The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.53 and a beta of 1.05. The company's fifty day moving average is C$21.73 and its 200 day moving average is C$25.36. 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 Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, April 30th. Bird Construction's payout ratio is 50.87%.
About Bird Construction
(
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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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