Bird Construction Inc. (TSE:BDT) Receives C$33.25 Consensus Price Target from Brokerages

Bird Construction Inc. (TSE:BDT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$33.25.

A number of equities research analysts have weighed in on the stock. CIBC boosted their target price on shares of Bird Construction from C$34.00 to C$36.00 in a research note on Monday, February 3rd. Stifel Nicolaus upped their price objective on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th.

Bird Construction Stock Performance

Shares of BDT traded down C$0.16 during mid-day trading on Monday, hitting C$23.80. 128,574 shares of the company traded hands, compared to its average volume of 229,278. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.53 and a beta of 1.05. The stock has a 50-day moving average price of C$25.20 and a two-hundred day moving average price of C$26.01. Bird Construction has a 1 year low of C$15.79 and a 1 year high of C$32.67. 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 Announces Dividend

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 $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, February 28th. Bird Construction's dividend payout ratio is currently 50.87%.

About Bird Construction

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.