Canaccord Genuity Group Cuts Bird Construction (TSE:BDT) Price Target to C$35.00

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

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

Bird Construction Trading Up 5.3 %

Shares of TSE:BDT opened at C$21.51 on Friday. The firm has a market capitalization of C$1.20 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 1 year low of C$17.89 and a 1 year high of C$32.67. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The business’s 50-day moving average is C$23.05 and its 200 day moving average is C$25.63.

Bird Construction Announces Dividend

The business 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 $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 3.91%. Bird Construction’s dividend payout ratio is presently 50.87%.

Bird Construction Company Profile

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.