Bird Construction (TSE:BDT) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Bird Construction's stock price has recently crossed above its 200-day moving average, currently trading at C$30.20, indicating a potential upward trend.
• Multiple analysts have upgraded their ratings and price targets for Bird Construction, with an average target price of C$35.00 and several ratings indicating a "Buy" or "Strong Buy."
• The company announced a monthly dividend of $0.07 per share, representing an annualized yield of 2.8%, with the ex-dividend date set for October 31st.

Bird Construction Inc. (TSE:BDT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$26.21 and traded as high as C$30.43. Bird Construction shares last traded at C$30.20, with a volume of 174,672 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Bird Construction from C$36.00 to C$41.00 and gave the company a "buy" rating in a research report on Monday, October 6th. ATB Capital upped their price objective on shares of Bird Construction from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. National Bank Financial raised shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. National Bankshares upped their price objective on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Finally, TD Securities increased their price target on shares of Bird Construction from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$35.00.

Bird Construction Stock Down 0.3%

The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The firm's 50-day moving average price is C$27.31 and its 200 day moving average price is C$26.21. The firm has a market cap of C$1.67 billion, a P/E ratio of 16.78, a PEG ratio of 0.53 and a beta of 0.66.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 2.8%. Bird Construction's dividend payout ratio is 41.49%.

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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