Shares of Bird Construction Inc. (TSE:BDT – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$64.82 and last traded at C$64.54, with a volume of 116467 shares. The stock had previously closed at C$63.37.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BDT. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the company a “buy” rating in a report on Friday, April 17th. Canaccord Genuity Group increased their price target on shares of Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. National Bank Financial set a C$57.00 price target on shares of Bird Construction and gave the company an “outperform” rating in a report on Tuesday, June 23rd. ATB Cormark Capital Markets boosted their price objective on shares of Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, TD Securities upped their price objective on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$60.10.
Read Our Latest Report on Bird Construction
Bird Construction Stock Performance
Bird Construction (TSE:BDT – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The firm had revenue of C$783.37 million for the quarter. On average, analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current year.
Bird Construction Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.3%. Bird Construction’s payout ratio is presently 93.33%.
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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