Bird Construction (TSE:BDT) Price Target Raised to C$12.00 at Raymond James

Bird Construction (TSE:BDT – Get Rating) had its target price boosted by Raymond James from C$11.00 to C$12.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a strong-buy rating on the stock.

Several other brokerages also recently commented on BDT. Stifel Nicolaus upped their price objective on Bird Construction from C$11.50 to C$13.00 in a research report on Wednesday, December 21st. Laurentian upped their price objective on Bird Construction from C$11.50 to C$11.75 in a research report on Wednesday, February 1st. TD Securities upped their price objective on Bird Construction from C$8.00 to C$9.00 and gave the company a hold rating in a research report on Wednesday, December 21st. CIBC upped their price objective on Bird Construction from C$6.75 to C$8.00 and gave the company a neutral rating in a research report on Thursday, November 10th. Finally, ATB Capital upped their price objective on Bird Construction from C$10.00 to C$11.00 in a research report on Friday, January 13th.

Bird Construction Stock Performance

TSE BDT opened at C$9.40 on Wednesday. The business’s 50 day moving average price is C$8.75 and its 200-day moving average price is C$7.40. The company has a market cap of C$504.78 million, a P/E ratio of 11.19, a P/E/G ratio of 0.53 and a beta of 1.24. The company has a debt-to-equity ratio of 65.14, a quick ratio of 1.20 and a current ratio of 1.22. Bird Construction has a fifty-two week low of C$5.74 and a fifty-two week high of C$9.48.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 20th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Monday, February 27th. Bird Construction’s dividend payout ratio is 46.43%.

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.