CIBC Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price

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

Several other equities analysts have also issued reports on BDT. Canaccord Genuity Group lowered 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 report on Friday. National Bankshares lowered their price target on 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 stock. According to data from 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

Shares of Bird Construction stock opened at C$21.51 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. 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 business has a fifty day simple moving average of C$23.16 and a two-hundred day simple moving average of C$25.65. 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. Investors of record on Thursday, March 20th will be issued a $0.07 dividend. 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 payout ratio is 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.