Stifel Nicolaus Lowers Bird Construction (TSE:BDT) Price Target to C$34.50

Bird Construction (TSE:BDT) had its price target dropped by Stifel Nicolaus from C$37.00 to C$34.50 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 65.07% from the company’s previous close.

A number of other equities research analysts also recently commented on BDT. Canaccord Genuity Group dropped their price objective on 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 World Mkts raised Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. TD Securities reduced their price objective on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. BMO Capital Markets lowered their target price on shares of Bird Construction from C$30.00 to C$28.00 in a research note on Thursday. Finally, National Bankshares reduced their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$31.61.

Bird Construction Price Performance

BDT opened at C$20.90 on Thursday. The company has a fifty day moving average price of C$21.33 and a two-hundred day moving average price of C$25.27. 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 firm has a market capitalization of C$1.17 billion, a PE ratio of 12.66, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$32.67.

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.