TD Securities Upgrades Bird Construction to Buy (BDT)
Bird Construction (TSE:BDT) was upgraded by analysts at TD Securities to a “buy” rating in a research report issued to clients and investors on Tuesday, American Banking News reports. The firm currently has a C$15.50 price target on the stock, up from their previous price target of C$14.50. TD Securities’ price objective would indicate a potential upside of 17.07% from the company’s current price.
A number of other analysts have also recently weighed in on BDT. Analysts at Dundee Securities raised their price target on shares of Bird Construction from C$15.00 to C$16.00 in a research note on Monday, April 14th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Bird Construction from C$14.50 to C$15.25 in a research note on Tuesday, March 11th. Finally, analysts at Scotiabank raised their price target on shares of Bird Construction from C$13.00 to C$15.00 in a research note on Monday, March 10th. They now have a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Bird Construction has an average rating of “Buy” and an average target price of C$15.44.
Bird Construction (TSE:BDT) traded up 4.31% during mid-day trading on Tuesday, hitting $13.81. The stock had a trading volume of 73,157 shares. Bird Construction has a one year low of $11.17 and a one year high of $14.47. The stock has a 50-day moving average of $13.9 and a 200-day moving average of $13.25. The company has a P/E ratio of 47.29.
The company also recently announced a Monthly dividend, which is scheduled for Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.0633 per share. This represents a dividend yield of 5.39%. The ex-dividend date is Monday, April 28th.
Bird Construction Inc (TSE:BDT) operates as a general contractor with offices in St.
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