Bird Construction (TSE:BDT) Sets New 52-Week High Following Analyst Upgrade

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high during trading on Monday after TD Securities raised their price target on the stock from C$32.00 to C$36.00. TD Securities currently has a buy rating on the stock. Bird Construction traded as high as C$31.51 and last traded at C$31.17, with a volume of 248382 shares changing hands. The stock had previously closed at C$30.56.

Several other equities research analysts have also commented on the company. Stifel Nicolaus upped their target price on Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a research report on Monday, October 6th. BMO Capital Markets increased their price target on Bird Construction from C$35.00 to C$37.00 in a report on Friday, October 10th. National Bankshares increased their price target on Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. CIBC increased their price target on Bird Construction from C$33.00 to C$37.00 in a report on Monday, October 20th. Finally, National Bank Financial raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$36.25.

Bird Construction Trading Up 2.1%

The business has a fifty day moving average of C$27.69 and a 200-day moving average of C$26.86. 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 market capitalization of C$1.73 billion, a P/E ratio of 17.33, a PEG ratio of 0.53 and a beta of 0.66.

Bird Construction Dividend Announcement

The firm also recently disclosed 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. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 31st. Bird Construction’s dividend payout ratio (DPR) is 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.