National Bank Financial reiterated their outperform market weight rating on shares of Bird Construction (TSE:BDT) in a report issued on Wednesday, Zacks.com reports.
A number of other research firms have also recently weighed in on BDT. Raymond James set a C$9.00 price target on Bird Construction and gave the company an outperform rating in a research note on Thursday. TD Securities cut their price target on Bird Construction from C$8.50 to C$7.50 and set a buy rating on the stock in a research note on Thursday. Finally, Canaccord Genuity cut their price target on Bird Construction from C$7.50 to C$5.00 in a research note on Thursday.
Bird Construction stock opened at C$5.05 on Wednesday. Bird Construction has a 1-year low of C$4.88 and a 1-year high of C$8.36. The company has a debt-to-equity ratio of 61.38, a current ratio of 1.15 and a quick ratio of 1.13. The stock has a market cap of $221.94 million and a PE ratio of -202.00. The stock’s fifty day moving average is C$5.44 and its two-hundred day moving average is C$6.40.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 20th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date is Tuesday, July 30th. Bird Construction’s dividend payout ratio is presently -1,560.00%.
About Bird Construction
Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.
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