Bird Construction (TSE:BDT) Price Target Raised to C$30.00

Bird Construction (TSE:BDT) had its price objective upped by equities research analysts at BMO Capital Markets from C$28.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 15.25% from the stock’s previous close.

Several other research firms have also weighed in on BDT. Cibc World Mkts raised Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. Raymond James raised Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 price objective for the company in a research note on Tuesday, April 22nd. TD Securities reduced their price objective on Bird Construction from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Stifel Nicolaus reduced their price objective on Bird Construction from C$37.00 to C$34.50 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, National Bankshares reduced their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$32.44.

Bird Construction Stock Down 2.0%

Shares of BDT stock opened at C$26.03 on Thursday. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$32.67. The stock has a market cap of C$1.46 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The business’s fifty day moving average is C$22.22 and its 200-day moving average is C$24.31. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.