Bird Construction (TSE:BDT) Price Target Cut to C$35.00 by Analysts at Canaccord Genuity Group

Bird Construction (TSE:BDT) had its price target decreased by Canaccord Genuity Group from C$36.00 to C$35.00 in a report released on Friday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also issued reports on BDT. National Bankshares dropped their target price on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Friday. CIBC boosted their target price on Bird Construction from C$34.00 to C$36.00 in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

Bird Construction Trading Up 5.3 %

Shares of TSE:BDT opened at C$21.51 on Friday. The business’s 50 day moving average price is C$23.05 and its 200-day moving average price is C$25.63. Bird Construction has a 1 year low of C$17.89 and a 1 year high of C$32.67. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. 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 company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, February 28th. Bird Construction’s dividend payout ratio (DPR) 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.