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TD Securities Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

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Bird Construction (TSE:BDT - Free Report) had its price target lowered by TD Securities from C$36.00 to C$33.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms also recently commented on BDT. Canaccord Genuity Group dropped their price objective on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Stifel Nicolaus dropped their price objective on shares of Bird Construction from C$38.00 to C$37.00 and set a "buy" rating on the stock in a report on Friday, March 14th. National Bankshares dropped their price objective on shares of Bird Construction from C$32.00 to C$30.00 and set a "sector perform" rating on the stock in a report on Friday, March 14th. CIBC lowered their price target on shares of Bird Construction from C$36.00 to C$31.00 in a report on Friday, March 14th. Finally, Cibc World Mkts raised shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$32.67.

View Our Latest Report on Bird Construction

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Bird Construction Stock Performance

BDT traded down C$0.16 during trading on Tuesday, hitting C$21.74. 250,372 shares of the company traded hands, compared to its average volume of 224,569. The firm has a market cap of C$1.22 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a one year low of C$17.89 and a one year high of C$32.67. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The stock's fifty day moving average is C$22.79 and its 200 day moving average is C$25.59.

Bird Construction Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, February 28th. Bird Construction's payout ratio is currently 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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Analyst Recommendations for Bird Construction (TSE:BDT)

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