Bird Construction (TSE:BDT) Price Target Cut to C$33.00 by Analysts at CIBC

Bird Construction (TSE:BDT) had its price objective decreased by CIBC from C$35.00 to C$33.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on BDT. Stifel Nicolaus reduced their price objective on Bird Construction from C$37.00 to C$34.00 and set a “buy” rating for the company in a research note on Friday. TD Securities lifted their price target 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 upped their price objective on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. Finally, National Bankshares cut their target price on shares of Bird Construction from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$32.38.

Bird Construction Stock Performance

Shares of BDT opened at C$23.85 on Monday. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a 50-day moving average of C$28.53 and a two-hundred day moving average of C$24.83. The stock has a market cap of C$1.33 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a one year low of C$17.52 and a one year 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. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.5%. 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.