Bird Construction (TSE:BDT - Free Report) had its price target decreased by Stifel Nicolaus from C$38.00 to C$37.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.
A number of other research analysts also recently issued reports on the stock. National Bankshares reduced their price target 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 reduced their price target on shares of Bird Construction from C$36.00 to C$31.00 in a research report on Friday. Finally, Canaccord Genuity Group reduced their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$32.67.
Read Our Latest Stock Analysis on Bird Construction
Bird Construction Stock Up 1.8 %
BDT stock traded up C$0.39 during mid-day trading on Friday, hitting C$22.02. 211,838 shares of the company were exchanged, compared to its average volume of 227,507. The company has a market capitalization of C$1.23 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a twelve month low of C$17.89 and a twelve month high of C$32.67. The firm has a fifty day simple moving average of C$22.93 and a 200 day simple moving average of C$25.61.
Bird Construction Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 20th. Investors 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 3.81%. Bird Construction's dividend payout ratio is presently 50.87%.
About Bird Construction
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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.
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