Canaccord Genuity Group Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective cut by Canaccord Genuity Group from C$36.00 to C$35.00 in a research note released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also issued reports on BDT. CIBC upped their target price on shares of Bird Construction from C$34.00 to C$36.00 in a research note on Monday, February 3rd. National Bankshares reduced their price target 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 report on Friday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Stock Performance

Shares of BDT stock opened at C$21.51 on Friday. 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. The firm has a fifty day simple moving average of C$23.16 and a two-hundred day simple moving average of C$25.65. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a 12 month low of C$17.89 and a 12 month 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 issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Friday, February 28th. Bird Construction’s dividend payout ratio (DPR) 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.