CIBC Cuts Bird Construction (TSE:BDT) Price Target to C$33.00

Bird Construction (TSE:BDT) had its price objective trimmed by CIBC from C$35.00 to C$33.00 in a report released on Monday morning,BayStreet.CA reports.

Several other research analysts also recently commented on the stock. TD Securities lifted their price target on shares of Bird Construction from C$26.00 to C$31.00 in a research note on Thursday, May 22nd. Stifel Nicolaus reduced their price target on shares of Bird Construction from C$37.00 to C$34.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. BMO Capital Markets upped their target price on shares of Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. Raymond James Financial downgraded shares of Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Finally, National Bankshares dropped their target price on shares of Bird Construction from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$32.38.

Bird Construction Stock Performance

Shares of BDT opened at C$23.45 on Monday. The stock’s 50-day simple moving average is C$28.37 and its 200 day simple moving average is C$24.81. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth 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. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$32.67.

Bird Construction Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.6%. Bird Construction’s dividend payout ratio (DPR) 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.