Bird Construction (TSE:BDT) Given New C$34.00 Price Target at Stifel Nicolaus

Bird Construction (TSE:BDT) had its price target reduced by Stifel Nicolaus from C$34.50 to C$34.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on BDT. BMO Capital Markets lifted their price objective on shares of Bird Construction from C$28.00 to C$30.00 in a research note on Thursday. Raymond James raised shares of Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 price target for the company in a research report on Tuesday, April 22nd. TD Securities reduced their price target on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. CIBC reduced their price target on shares of Bird Construction from C$36.00 to C$31.00 in a research report on Friday, March 14th. Finally, Cibc World Mkts raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$32.44.

Bird Construction Stock Performance

TSE:BDT opened at C$26.56 on Thursday. The company has a fifty day moving average of C$22.14 and a 200-day moving average of C$24.35. The firm has a market capitalization of C$1.48 billion, a P/E ratio of 16.08, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$32.67.

Bird Construction Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, April 30th. Bird Construction’s dividend payout ratio is 50.87%.

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.