CIBC Lowers Bird Construction (TSE:BDT) Price Target to C$31.00

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

A number of other brokerages have also commented on BDT. National Bankshares lowered 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. Canaccord Genuity Group reduced their price objective on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Bird Construction currently has an average 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 current ratio of 1.25 and a quick ratio of 1.20. The firm has a market cap 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 stock has a 50-day simple moving average of C$23.05 and a 200-day simple moving average of C$25.63. Bird Construction has a 52-week low of C$17.89 and a 52-week high of C$32.67.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend 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.