Bird Construction Inc. (TSE:BDT) Receives C$35.25 Consensus Price Target from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$35.75.

A number of research firms recently issued reports on BDT. TD Securities lifted their price objective on Bird Construction from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, September 5th. ATB Capital lifted their price objective on 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 Bankshares lifted their price objective on 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. National Bank Financial raised Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Finally, CIBC boosted their price target on Bird Construction from C$33.00 to C$37.00 in a research report on Monday, October 20th.

Bird Construction Price Performance

BDT opened at C$30.56 on Friday. The stock has a market cap of C$1.69 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 0.53 and a beta of 0.66. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$31.76. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The stock has a fifty day moving average price of C$27.55 and a 200 day moving average price of C$26.69.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 20th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. Bird Construction’s payout ratio is currently 41.49%.

About Bird Construction

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.