Bird Construction (TSE:BDT) Shares Cross Above 200 Day Moving Average – Should You Sell?

Bird Construction Inc. (TSE:BDT) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$26.86 and traded as high as C$31.59. Bird Construction shares last traded at C$31.20, with a volume of 374,422 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on BDT shares. National Bank Financial raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. ATB Capital upped their price target on shares of Bird Construction from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. CIBC upped their price target on shares of Bird Construction from C$33.00 to C$37.00 in a research report on Monday, October 20th. TD Securities upped their price target on shares of Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday. Finally, National Bankshares increased their price objective on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$36.25.

Bird Construction Price Performance

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 company’s 50 day moving average is C$27.69 and its 200 day moving average is C$26.86. The firm has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 0.53 and a beta of 0.66.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 20th will be paid a $0.07 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.7%. Bird Construction’s dividend payout ratio is 41.49%.

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.