Bird Construction Inc. (TSE:BDT) Given Consensus Rating of “Buy” by Brokerages

Bird Construction Inc. (TSE:BDT) has received a consensus rating of “Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$32.44.

Several research analysts have issued reports on the company. TD Securities boosted their target price on Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. Raymond James Financial downgraded Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 17th. BMO Capital Markets lifted their target price on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. National Bankshares lowered their target price on Bird Construction from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. Finally, CIBC raised their price target on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd.

Bird Construction Stock Down 2.6%

BDT opened at C$28.11 on Monday. The company has a market capitalization of C$1.57 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The firm has a 50-day simple moving average of C$28.34 and a two-hundred day simple moving average of C$24.54. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$32.67.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 31st. Bird Construction’s payout ratio is 50.87%.

About Bird Construction

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.