Bird Construction (TSE:BDT) Given New C$34.00 Price Target at National Bankshares

Bird Construction (TSE:BDT) had its price objective raised by National Bankshares from C$28.00 to C$34.00 in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on BDT. TD Securities raised their price target on Bird Construction from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. ATB Capital raised their price target on Bird Construction from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. CIBC decreased their price target on Bird Construction from C$35.00 to C$33.00 in a research report on Monday, August 18th. National Bank Financial upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Finally, Stifel Nicolaus raised their price target on Bird Construction from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$33.50.

Bird Construction Stock Up 0.7%

BDT stock opened at C$28.85 on Wednesday. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.53 and a beta of 0.62. The business’s fifty day moving average price is C$26.95 and its two-hundred day moving average price is C$25.35. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$32.67.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th were paid a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 31st. Bird Construction’s payout ratio is currently 41.49%.

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.