TD Securities Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its target price lifted by analysts at TD Securities from C$26.00 to C$31.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 19.09% from the stock’s previous close.

A number of other equities analysts have also recently commented on BDT. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. CIBC decreased their price objective on Bird Construction from C$36.00 to C$31.00 in a research note on Friday, March 14th. Raymond James upgraded 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. BMO Capital Markets lifted their price objective on Bird Construction from C$28.00 to C$30.00 in a research note on Thursday. Finally, National Bankshares decreased their price objective 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. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$32.44.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$26.03 on Thursday. The business has a 50-day moving average of C$22.22 and a 200 day moving average of C$24.31. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$32.67. The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

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.