Bird Construction (TSE:BDT) Given a C$11.50 Price Target by Laurentian Analysts

Laurentian set a C$11.50 price target on Bird Construction (TSE:BDT – Get Rating) in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also weighed in on BDT. Stifel Nicolaus upped their target price on shares of Bird Construction from C$11.50 to C$13.00 in a research note on Wednesday, December 21st. ATB Capital raised their target price on Bird Construction from C$10.00 to C$11.00 in a report on Friday. TD Securities lifted their price target on Bird Construction from C$8.00 to C$9.00 and gave the stock a hold rating in a research note on Wednesday, December 21st. Raymond James upgraded Bird Construction from an outperform rating to a strong-buy rating and set a C$11.00 price target for the company in a report on Wednesday, November 9th. Finally, CIBC lifted their price objective on Bird Construction from C$6.75 to C$8.00 and gave the company a neutral rating in a research note on Thursday, November 10th.

Bird Construction Stock Performance

BDT opened at C$8.72 on Monday. The company has a debt-to-equity ratio of 65.14, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a fifty day moving average price of C$7.55 and a 200 day moving average price of C$6.95. Bird Construction has a 1 year low of C$5.74 and a 1 year high of C$9.90. The stock has a market cap of C$468.22 million and a P/E ratio of 10.51.

Bird Construction (TSE:BDT – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported C$0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.09. The business had revenue of C$668.16 million for the quarter, compared to analysts’ expectations of C$640.27 million. Equities research analysts anticipate that Bird Construction will post 0.9200001 earnings per share for the current year.

Bird Construction Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, February 17th will be paid a dividend of $0.0325 per share. The ex-dividend date is Monday, January 30th. This represents a $0.39 annualized dividend and a yield of 4.47%. Bird Construction’s payout ratio is 46.99%.

Bird Construction Company Profile

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Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines.