Bird Construction (TSE:BDT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Bird Construction Inc. (TSE:BDT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$46.97 and traded as high as C$71.97. Bird Construction shares last traded at C$70.82, with a volume of 314,687 shares traded.

Analysts Set New Price Targets

BDT has been the subject of several analyst reports. Stifel Nicolaus set a C$55.00 price target on shares of Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets lifted their price target on shares of Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday, May 25th. National Bank Financial lifted their price target on shares of Bird Construction from C$57.00 to C$72.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Raymond James Financial upped their price objective on Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group increased their price objective on Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$62.60.

Bird Construction Stock Performance

The stock has a market capitalization of C$3.54 billion, a PE ratio of 70.96, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The firm’s fifty day moving average is C$64.15 and its 200-day moving average is C$47.23. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The company had revenue of C$783.37 million during the quarter. As a group, research analysts anticipate that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th will be issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, July 31st. Bird Construction’s dividend payout ratio is currently 93.33%.

Bird Construction Company Profile

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.