Bird Construction Inc. (TSE:BDT) Receives C$32.44 Average PT from Brokerages

Bird Construction Inc. (TSE:BDT) has been given an average recommendation of “Buy” by the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$32.44.

A number of research analysts recently commented on BDT shares. 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 note on Friday, March 14th. TD Securities increased their price objective on Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. CIBC boosted their target price on Bird Construction from C$31.00 to C$31.50 in a research report on Thursday, May 22nd. BMO Capital Markets upped their target price on Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. Finally, Raymond James Financial upgraded shares of Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 price target on the stock in a research report on Tuesday, April 22nd.

Bird Construction Price Performance

Shares of TSE:BDT opened at C$27.30 on Friday. The company’s fifty day moving average price is C$24.81 and its 200-day moving average price is C$23.93. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a one year low of C$17.52 and a one year high of C$32.67.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th were paid 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 3.08%. Bird Construction’s dividend payout ratio (DPR) 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.