National Bankshares Cuts Bird Construction (TSE:BDT) Price Target to C$30.00

Bird Construction (TSE:BDT) had its price target lowered by National Bankshares from C$32.00 to C$30.00 in a research note published on Friday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Separately, CIBC raised their target price on shares of Bird Construction from C$34.00 to C$36.00 in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bird Construction has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

Bird Construction Price Performance

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. 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 two-hundred day simple moving average is C$25.63. Bird Construction has a twelve month low of C$17.89 and a twelve month high of C$32.67.

Bird Construction Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend 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.