Shares of Bird Construction Inc. (TSE:BDT – Get Free Report) rose 12.4% during mid-day trading on Thursday after BMO Capital Markets raised their price target on the stock from C$75.00 to C$85.00. The company traded as high as C$73.63 and last traded at C$72.48. 409,856 shares changed hands during trading, an increase of 48% from the average daily volume of 276,044 shares. The stock had previously closed at C$64.50.
BDT has been the topic of a number of other reports. 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 research note on Friday, May 15th. National Bank Financial increased their target price on Bird Construction from C$57.00 to C$72.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Canadian Imperial Bank of Commerce raised their target price on Bird Construction from C$65.00 to C$71.00 and gave the company an “outperformer” rating in a report on Wednesday, July 8th. Canaccord Genuity Group lifted their price target on Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a C$55.00 price target on Bird Construction and gave the stock a “buy” rating in a report on Friday, April 17th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$64.10.
Bird Construction Stock Performance
Bird Construction (TSE:BDT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. Research analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.
Bird Construction Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, July 31st. Bird Construction’s payout ratio is 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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