Bird Construction (TSE:BDT) Stock Price Expected to Rise, CIBC Analyst Says

Bird Construction (TSE:BDT) had its target price raised by stock analysts at CIBC from C$31.00 to C$31.50 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 21.01% from the stock’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets upped their price objective on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday. Stifel Nicolaus reduced their price objective on Bird Construction from C$34.50 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday. National Bankshares dropped their target price on Bird Construction from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday. Raymond James upgraded Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 target price for the company in a research note on Tuesday, April 22nd. Finally, Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$32.44.

Bird Construction Stock Down 2.0%

Shares of TSE:BDT opened at C$26.03 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$32.67. The stock’s fifty day simple moving average is C$22.22 and its 200-day simple moving average is C$24.31. The company has a market capitalization of C$1.46 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.53 and a beta of 1.05.

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.