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

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

Several analysts recently commented on BDT shares. CIBC decreased their price target on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday. BMO Capital Markets decreased their target price on shares of Bird Construction from C$37.00 to C$34.00 in a research note on Thursday. National Bank Financial upgraded shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. National Bankshares upped their price target on shares of Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Stifel Nicolaus increased their price objective on Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a report on Monday, October 6th.

Bird Construction Stock Up 0.2%

TSE:BDT opened at C$25.59 on Wednesday. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$31.76. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.53 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The business’s fifty day moving average price is C$29.14 and its 200 day moving average price is C$27.62.

Bird Construction Dividend Announcement

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