TD Securities Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

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

BDT has been the subject of several other reports. CIBC decreased their price target on shares of Bird Construction from C$36.00 to C$31.00 in a research note on Friday, March 14th. Canaccord Genuity Group decreased their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus decreased their price target on shares of Bird Construction from C$38.00 to C$37.00 and set a “buy” rating for the company in a research note on Friday, March 14th. National Bankshares reduced their price objective on shares of 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, March 14th. Finally, Cibc World Mkts upgraded shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$32.67.

Bird Construction Stock Down 1.6 %

Shares of Bird Construction stock opened at C$21.90 on Tuesday. 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 company has a 50-day moving average of C$22.83 and a 200 day moving average of C$25.60. The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of 13.26, a PEG 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.

Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, February 28th. Bird Construction’s 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.