Shares of Bird Construction Inc. (TSE:BDT – Get Free Report) shot up 10.8% on Wednesday . The company traded as high as C$77.25 and last traded at C$75.43. Approximately 357,837 shares traded hands during trading, an increase of 33% from the average daily volume of 268,560 shares. The stock had previously closed at C$68.08.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BDT shares. TD increased their price target on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Jefferies Financial Group increased their price objective on shares of Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th. Canadian Imperial Bank of Commerce lifted their price target on shares of Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group boosted their price objective on shares of Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets upped 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 report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$62.60.
Get Our Latest Stock Analysis on Bird Construction
Bird Construction Stock Performance
Bird Construction (TSE:BDT – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The business had revenue of C$783.37 million for the quarter. Equities research analysts predict that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.
Bird Construction Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) is currently 93.33%.
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.
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