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Bird Construction (TSE:BDT) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Bird Construction logo with Industrials background

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.93 and traded as high as C$28.89. Bird Construction shares last traded at C$28.79, with a volume of 102,335 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. National Bankshares reduced their price objective on shares of 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. Stifel Nicolaus reduced their price target on shares of Bird Construction from C$34.50 to C$34.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Cibc World Mkts raised shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 14th. Raymond James Financial raised shares of Bird Construction from an "outperform" rating to a "strong-buy" rating and set a C$35.00 price target for the company in a report on Tuesday, April 22nd. Finally, TD Securities boosted their price objective on 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 hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Bird Construction currently has an average rating of "Buy" and an average target price of C$32.44.

Read Our Latest Research Report on Bird Construction

Bird Construction Trading Down 0.1%

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 cap of C$1.61 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.53 and a beta of 1.05. The company's 50 day simple moving average is C$25.88 and its 200-day simple moving average is C$23.93.

Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, April 30th. Bird Construction's dividend payout ratio is presently 50.87%.

About Bird Construction

(Get Free Report)

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.

See Also

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