Raymond James Analysts Give Bird Construction (TSE:BDT) a C$9.00 Price Target

Raymond James set a C$9.00 target price on Bird Construction (TSE:BDT) in a research report released on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently commented on BDT. TD Securities boosted their price target on Bird Construction from C$7.50 to C$8.00 and gave the stock a buy rating in a research note on Monday, November 11th. National Bank Financial reissued an outperform market weight rating on shares of Bird Construction in a report on Wednesday, August 14th. Finally, Canaccord Genuity raised their price objective on Bird Construction from C$5.00 to C$6.50 in a research note on Thursday, November 7th.

TSE:BDT opened at C$6.52 on Tuesday. The firm has a 50-day moving average of C$6.44 and a two-hundred day moving average of C$5.80. The company has a debt-to-equity ratio of 97.04, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market cap of $283.59 million and a P/E ratio of 36.22. Bird Construction has a 1-year low of C$4.88 and a 1-year high of C$8.20.

The business also recently declared a monthly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date was Wednesday, October 30th. Bird Construction’s payout ratio is currently 216.67%.

Bird Construction Company Profile

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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