Bird Construction (BDT) Upgraded to Strong-Buy by Raymond James
Raymond James upgraded shares of Bird Construction (TSE:BDT) from an outperform rating to a strong-buy rating in a report published on Friday. Raymond James currently has C$10.50 price objective on the stock.
A number of other brokerages have also weighed in on BDT. TD Securities raised shares of Bird Construction from a hold rating to a buy rating and set a C$9.00 price target for the company in a report on Friday, August 10th. National Bank Financial raised their price target on shares of Bird Construction from C$9.50 to C$10.00 in a report on Friday. Finally, Canaccord Genuity lowered their price target on shares of Bird Construction from C$11.00 to C$9.00 in a report on Friday.
Shares of Bird Construction stock traded down C$0.25 during midday trading on Friday, reaching C$6.79. The company had a trading volume of 62,500 shares, compared to its average volume of 84,413. The company has a debt-to-equity ratio of 79.65, a current ratio of 1.14 and a quick ratio of 1.13. Bird Construction has a 1-year low of C$6.30 and a 1-year high of C$10.40.
The business also recently declared a monthly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 20th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Thursday, November 29th. Bird Construction’s dividend payout ratio is currently -1,300.00%.
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, and mining businesses.
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