Bird Construction (TSE:BDT) Price Target Cut to C$33.00 by Analysts at TD Securities

Bird Construction (TSE:BDT) had its target price cut by TD Securities from C$36.00 to C$33.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on BDT. CIBC decreased their price target on Bird Construction from C$36.00 to C$31.00 in a research note on Friday, March 14th. 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, March 14th. Cibc World Mkts upgraded shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. National Bankshares cut 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 report on Friday, March 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Bird Construction from C$38.00 to C$37.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Two equities 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 stock. Based on data from MarketBeat.com, Bird Construction currently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.67.

Bird Construction Price Performance

Shares of TSE:BDT opened at C$22.02 on Tuesday. 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 stock has a market cap of C$1.23 billion, a PE ratio of 13.33, a PEG ratio of 0.53 and a beta of 1.05. The company’s fifty day moving average is C$22.93 and its 200 day moving average is C$25.61. Bird Construction has a 52 week low of C$17.89 and a 52 week high of C$32.67.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Investors 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 dividend yield of 3.81%. 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.