Bird Construction (TSE:BDT) Price Target Cut to C$31.00 by Analysts at CIBC

Bird Construction (TSE:BDT) had its target price decreased by CIBC from C$36.00 to C$31.00 in a research report report published on Friday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group cut their target price on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a report on Friday. National Bankshares dropped their price target on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$33.00.

Bird Construction Stock Up 5.3 %

Shares of Bird Construction stock opened at C$21.51 on Friday. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a 52-week low of C$17.89 and a 52-week high of C$32.67. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 0.53 and a beta of 1.05. 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 company also recently disclosed a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 3.91%. The ex-dividend date is Friday, February 28th. Bird Construction’s dividend payout ratio is currently 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.