Stifel Nicolaus Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price
A number of other brokerages also recently weighed in on BDT. National Bankshares lowered 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 report on Friday, March 14th. TD Securities cut their target price on Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Cibc World Mkts raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. Canaccord Genuity Group dropped their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, BMO Capital Markets decreased their price objective on Bird Construction from C$30.00 to C$28.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Bird Construction has a consensus rating of “Moderate Buy” and a consensus price target of C$31.61.
Get Our Latest Stock Analysis on Bird Construction
BDT opened at C$20.90 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The firm’s 50 day moving average is C$21.33 and its 200-day moving average is C$25.27. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$32.67.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, April 30th. Bird Construction’s dividend payout ratio is presently 50.87%.
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.
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