Bird Construction Inc. (TSE:BDT – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$33.74 and traded as high as C$51.48. Bird Construction shares last traded at C$49.85, with a volume of 450,226 shares trading hands.
Analysts Set New Price Targets
Several analysts have recently weighed in on BDT shares. TD raised their target price on Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. ATB Cormark Capital Markets lifted their price objective on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial lifted their price objective on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group boosted their price objective on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Bird Construction from C$40.00 to C$52.00 in a report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$56.40.
Check Out Our Latest Report on Bird Construction
Bird Construction Stock Up 14.2%
Bird Construction (TSE:BDT – Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. The firm had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. As a group, research analysts anticipate that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.
Bird Construction Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is presently 97.67%.
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.
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