Brokerages Set Bird Construction Inc. (TSE:BDT) PT at C$32.44

Bird Construction Inc. (TSE:BDT) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$32.44.

A number of research analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 target price for the company in a research note on Tuesday, April 22nd. National Bankshares cut their price objective on Bird Construction from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Thursday, May 22nd. CIBC boosted their price objective on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. BMO Capital Markets increased their target price on Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd. Finally, Stifel Nicolaus cut their price target on 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.

Bird Construction Trading Down 0.3%

Shares of BDT stock opened at C$27.52 on Friday. The company has a market capitalization of C$1.54 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$32.67. 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 50-day moving average price of C$24.66 and a 200 day moving average price of C$24.00.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.05%. Bird Construction’s dividend payout ratio (DPR) is currently 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.