Bird Construction (TSE:BDT) Given New C$28.00 Price Target at BMO Capital Markets

Bird Construction (TSE:BDT) had its price target lowered by BMO Capital Markets from C$30.00 to C$28.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on the stock. CIBC dropped their price target on shares of Bird Construction from C$36.00 to C$31.00 in a research report on Friday, March 14th. Canaccord Genuity Group dropped their target price 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. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. National Bankshares dropped their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Friday, March 14th. Finally, TD Securities reduced their target price on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$31.61.

Bird Construction Stock Performance

BDT opened at C$20.90 on Thursday. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67. The company has a market cap of C$1.17 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.53 and a beta of 1.05. The company’s fifty day moving average price is C$21.40 and its two-hundred day moving average price is C$25.30. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 4.02%. The ex-dividend date is Wednesday, April 30th. Bird Construction’s dividend payout ratio is 50.87%.

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.