Bird Construction (TSE:BDT) Given New C$35.00 Price Target at Canaccord Genuity Group

Bird Construction (TSE:BDT) had its target price cut by Canaccord Genuity Group from C$36.00 to C$35.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

BDT has been the topic of a number of other research reports. CIBC boosted their price target on shares of Bird Construction from C$34.00 to C$36.00 in a research report on Monday, February 3rd. National Bankshares dropped their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Stock Up 5.3 %

Shares of TSE BDT opened at C$21.51 on Friday. The company has a market capitalization of C$1.20 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of C$17.89 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’s 50 day moving average price is C$23.16 and its 200-day moving average price is C$25.65.

Bird Construction Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. Bird Construction’s dividend payout ratio (DPR) is presently 50.87%.

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.