Jefferies Financial Group Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price raised by Jefferies Financial Group from C$44.00 to C$63.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on BDT. Canadian Imperial Bank of Commerce lifted their target price on Bird Construction from C$40.00 to C$52.00 in a report on Thursday, April 9th. Canaccord Genuity Group boosted their price objective on Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. ATB Cormark Capital Markets boosted their price objective on Bird Construction from C$38.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. BMO Capital Markets boosted their price objective on Bird Construction from C$38.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, Raymond James Financial boosted their price objective on Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$50.67.

Bird Construction Price Performance

Shares of Bird Construction stock opened at C$48.16 on Monday. Bird Construction has a twelve month low of C$20.60 and a twelve month high of C$49.71. The stock has a market capitalization of C$2.67 billion, a P/E ratio of 56.00, a PEG ratio of 0.53 and a beta of 0.14. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66. The business’s fifty day moving average price is C$38.08 and its 200 day moving average price is C$32.19.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The firm had revenue of C$877.01 million for the quarter. As a group, research analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.7%. Bird Construction’s dividend payout ratio is presently 97.67%.

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.