Bird Construction Inc (BDT) Given Average Recommendation of “Hold” by Brokerages

Bird Construction Inc (TSE:BDT) has been given a consensus rating of “Hold” by the six research firms that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$11.80.

A number of brokerages have weighed in on BDT. National Bank Financial decreased their price objective on Bird Construction from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Monday, August 8th. Scotiabank decreased their price objective on Bird Construction from C$11.00 to C$10.00 and set an “underperform” rating on the stock in a report on Monday, August 8th. TD Securities decreased their price objective on Bird Construction from C$13.00 to C$11.50 and set a “hold” rating on the stock in a report on Monday, August 8th. Raymond James Financial Inc. decreased their price objective on Bird Construction from C$13.00 to C$11.00 and set a “market perform” rating on the stock in a report on Monday, August 8th. Finally, Canaccord Genuity decreased their price objective on Bird Construction from C$13.00 to C$11.50 and set a “hold” rating on the stock in a report on Monday, August 8th.

Bird Construction (TSE:BDT) traded down 1.78% on Friday, hitting $8.84. 104,935 shares of the stock were exchanged. The stock’s 50 day moving average price is $10.62 and its 200 day moving average price is $12.03. The firm has a market cap of $375.84 million and a PE ratio of 12.23. Bird Construction has a 52-week low of $7.26 and a 52-week high of $14.50.

The business also recently declared a monthly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.0633 per share. The ex-dividend date is Thursday, October 27th. This represents a $0.76 annualized dividend and a dividend yield of 8.44%.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The Company focuses on projects in the industrial, commercial and institutional sectors of the general contracting industry. It operates through the general contracting sector of the construction industry segment.

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