Stifel Nicolaus Cuts Bird Construction (TSE:BDT) Price Target to C$37.00

Bird Construction (TSE:BDT) had its price target reduced by Stifel Nicolaus from C$38.00 to C$37.00 in a research note released on Friday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. National Bankshares decreased 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. Canaccord Genuity Group dropped their price target on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research note on Friday. Finally, CIBC lowered their target price on Bird Construction from C$36.00 to C$31.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Stock Performance

TSE:BDT opened at C$21.51 on Friday. Bird Construction has a twelve month low of C$17.89 and a twelve month high of C$32.67. 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’s 50-day simple moving average is C$23.05 and its 200 day simple moving average is C$25.63. The firm has a market capitalization of C$1.20 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 20th. Investors 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 dividend yield of 3.91%. The ex-dividend date is Friday, February 28th. Bird Construction’s dividend payout ratio is currently 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.