Bird Construction (TSE:BDT) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Bird Construction Inc. (TSE:BDT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.86 and traded as high as C$31.59. Bird Construction shares last traded at C$31.20, with a volume of 374,422 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BDT. TD Securities increased their price objective on shares of Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday. ATB Capital increased their price objective on shares of Bird Construction from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Raymond James Financial increased their price objective on shares of Bird Construction from C$35.00 to C$37.00 in a research note on Wednesday, October 15th. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, National Bankshares increased their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$36.25.

Bird Construction Price Performance

The business’s fifty day moving average price is C$27.69 and its 200 day moving average price is C$26.86. The stock has a market cap of C$1.73 billion, a P/E ratio of 17.33, a PEG ratio of 0.53 and a beta of 0.66. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 20th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 31st. 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.