BMO Capital Markets Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price lowered by equities researchers at BMO Capital Markets from C$30.00 to C$28.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 33.97% from the stock’s current price.

A number of other brokerages have also recently weighed in on BDT. TD Securities dropped their target price on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Canaccord Genuity Group reduced their price objective on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a report on Friday, March 14th. CIBC lowered their price target on Bird Construction from C$36.00 to C$31.00 in a research report on Friday, March 14th. Stifel Nicolaus dropped their target price on shares of Bird Construction from C$38.00 to C$37.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, National Bankshares decreased their price target on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bird Construction presently has a consensus rating of “Moderate Buy” and an average price target of C$31.61.

Bird Construction Price Performance

BDT opened at C$20.90 on Thursday. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market capitalization of C$1.17 billion, a P/E ratio of 12.66, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67. The company has a 50-day moving average of C$21.33 and a 200-day moving average of C$25.27.

Bird Construction Company Profile

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.