Bird Construction (TSE:BDT) Stock Rating Lowered by Raymond James Financial

Bird Construction (TSE:BDT) was downgraded by equities researchers at Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a research report issued on Thursday,Zacks.com reports.

BDT has been the topic of a number of other reports. TD Securities raised their price objective on shares of Bird Construction from C$26.00 to C$31.00 in a report on Thursday, May 22nd. CIBC raised their price target on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Stifel Nicolaus decreased their price target on Bird Construction from C$34.50 to C$34.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. BMO Capital Markets increased their price objective on Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd. Finally, National Bankshares cut their target price on Bird Construction from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$32.44.

Bird Construction Stock Down 1.5%

Shares of TSE:BDT opened at C$29.52 on Thursday. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$32.67. The firm’s 50 day moving average price is C$27.72 and its 200 day moving average price is C$24.24. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The stock has a market cap of C$1.65 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth 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.