Stifel Nicolaus Lowers Bird Construction (TSE:BDT) Price Target to C$37.00

Bird Construction (TSE:BDT) had its price target trimmed by Stifel Nicolaus from C$38.00 to C$37.00 in a research report report published on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. CIBC cut their target price on shares of Bird Construction from C$36.00 to C$31.00 in a research note on Friday. Canaccord Genuity Group reduced their target price on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research note on Friday. Finally, National Bankshares dropped their price target on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.00.

Bird Construction Price Performance

Shares of BDT opened at C$21.51 on Friday. The firm has a market cap of C$1.20 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of C$17.89 and a 52-week high of C$32.67. The business’s 50 day moving average price is C$23.05 and its two-hundred day moving average price is C$25.63. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.91%. Bird Construction’s 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.