Bird Construction (TSE:BDT) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Bird Construction Inc. (TSE:BDT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.33 and traded as high as C$29.74. Bird Construction shares last traded at C$29.21, with a volume of 228,920 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on BDT shares. Raymond James Financial raised their price objective on shares of Bird Construction from C$35.00 to C$37.00 in a report on Wednesday, October 15th. National Bankshares lifted their price objective on shares of Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. TD Securities lifted their price target on shares of Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, October 27th. National Bank Financial raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Stifel Nicolaus lifted their price target on shares of Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, Bird Construction currently has a consensus rating of “Buy” and a consensus price target of C$36.38.

Bird Construction Price Performance

The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The business’s 50 day simple moving average is C$28.51 and its 200-day simple moving average is C$27.33. The stock has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.53 and a beta of 0.73.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 31st. Bird Construction’s payout ratio is presently 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.