Canaccord Genuity Group Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective raised by Canaccord Genuity Group from C$50.00 to C$62.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also weighed in on BDT. TD increased their price objective on shares of Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Raymond James Financial increased their target price on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. Canadian Imperial Bank of Commerce increased their target price on shares of Bird Construction from C$40.00 to C$52.00 in a report on Thursday, April 9th. TD Securities increased their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, ATB Cormark Capital Markets increased their target price on shares of Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$56.40.

Bird Construction Trading Up 14.2%

Shares of TSE BDT opened at C$58.35 on Friday. The company’s 50 day simple moving average is C$43.01 and its 200 day simple moving average is C$34.06. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$58.36. The firm has a market capitalization of C$3.23 billion, a P/E ratio of 67.85, a P/E/G ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The business had revenue of C$877.01 million for the quarter. On average, analysts predict that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. Bird Construction’s dividend payout ratio (DPR) is 97.67%.

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.