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

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

Other equities research analysts also recently issued reports about the company. National Bankshares dropped 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 dropped their price target on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Stock Up 5.3 %

Shares of TSE:BDT opened at C$21.51 on Friday. The company has a 50 day moving average of C$23.05 and a two-hundred day moving average of C$25.63. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of C$17.89 and a 52-week 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.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 3.91%. 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.