Stifel Nicolaus Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective lifted by Stifel Nicolaus from C$36.00 to C$41.00 in a research report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. ATB Capital upped their price objective on shares of 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. National Bankshares increased their target price on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. National Bank Financial raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. TD Securities increased their target price on shares of Bird Construction from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, CIBC reduced their target price on shares of Bird Construction from C$35.00 to C$33.00 in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$34.13.

Bird Construction Trading Up 3.0%

Shares of BDT stock opened at C$31.22 on Monday. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$32.67. 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 company has a 50-day simple moving average of C$27.08 and a two-hundred day simple moving average of C$25.88. The company has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.53 and a beta of 0.66.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 20th will be paid a $0.07 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 2.7%. Bird Construction’s dividend 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.