Bird Construction (TSE:BDT) Price Target Raised to C$31.00 at TD Securities

Bird Construction (TSE:BDT) had its target price lifted by TD Securities from C$26.00 to C$31.00 in a report released on Thursday,BayStreet.CA reports.

BDT has been the topic of a number of other research reports. BMO Capital Markets lifted their price objective on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th. Stifel Nicolaus reduced their price objective on Bird Construction from C$34.50 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday. National Bankshares reduced their target price on Bird Construction from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group reduced their target price on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$32.44.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$26.56 on Thursday. Bird Construction has a one year low of C$17.52 and a one year high of C$32.67. The company has a market cap of C$1.48 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.53 and a beta of 1.05. 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 moving average price is C$22.14 and its 200 day moving average price is C$24.35.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.16%. Bird Construction’s dividend payout ratio is currently 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.