Analysts Set Bird Construction Inc. (TSE:BDT) Price Target at C$10.64

Bird Construction Inc. (TSE:BDT) has earned a consensus rating of “Buy” from the nine analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$10.64.

A number of brokerages recently issued reports on BDT. Laurentian lifted their price objective on shares of Bird Construction from C$11.00 to C$11.50 in a research note on Thursday, May 13th. National Bankshares cut shares of Bird Construction from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$11.00 to C$10.00 in a research note on Tuesday, June 15th. ATB Capital boosted their target price on shares of Bird Construction from C$11.00 to C$11.50 in a research note on Thursday, May 13th. TD Securities boosted their target price on shares of Bird Construction from C$10.50 to C$11.50 and gave the stock a “buy” rating in a research note on Thursday, May 13th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$12.00 target price on shares of Bird Construction in a research note on Wednesday, May 12th.

TSE:BDT traded up C$0.04 during mid-day trading on Thursday, reaching C$8.43. The stock had a trading volume of 96,877 shares, compared to its average volume of 147,997. The business has a 50-day simple moving average of C$9.14. The stock has a market capitalization of C$447.12 million and a PE ratio of 9.56. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 65.59. Bird Construction has a 12 month low of C$5.92 and a 12 month high of C$9.97.

The business also recently announced a monthly dividend, which will be paid on Friday, August 20th. Shareholders of record on Friday, August 20th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Thursday, July 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.63%. Bird Construction’s payout ratio is presently 44.42%.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.

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Analyst Recommendations for Bird Construction (TSE:BDT)

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