Bird Construction Inc. (TSE:BDT) Receives C$36.38 Average Price Target from Brokerages

Bird Construction Inc. (TSE:BDT) has been assigned an average rating of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$35.88.

BDT has been the topic of a number of research reports. National Bank Financial upgraded shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. BMO Capital Markets lowered their price target on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday. ATB Capital upped their price objective on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. National Bankshares raised 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. Finally, Raymond James Financial lifted their price target on Bird Construction from C$35.00 to C$37.00 in a research report on Wednesday, October 15th.

Bird Construction Trading Up 0.2%

BDT opened at C$25.59 on Wednesday. The stock has a market cap of C$1.42 billion, a PE ratio of 15.05, a PEG ratio of 0.53 and a beta of 0.73. 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 business has a 50 day moving average of C$29.14 and a 200-day moving average of C$27.71. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$31.76.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, October 31st. Bird Construction’s dividend payout ratio is presently 48.04%.

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.