Brokerages Set Bird Construction Inc. (TSE:BDT) Price Target at C$33.25

Bird Construction Inc. (TSE:BDT) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$33.25.

A number of research analysts recently issued reports on BDT shares. CIBC lifted their price objective on shares of Bird Construction from C$34.00 to C$36.00 in a research note on Monday, February 3rd. Stifel Nicolaus boosted their price target on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th.

Bird Construction Trading Down 2.1 %

Shares of Bird Construction stock opened at C$23.31 on Monday. The firm’s 50-day moving average price is C$25.07 and its two-hundred day moving average price is C$25.99. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a 12-month low of C$16.01 and a 12-month high of C$32.67.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be given a $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 3.60%. Bird Construction’s dividend payout ratio is presently 50.87%.

Bird Construction Company Profile

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.