National Bankshares Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price target cut by stock analysts at National Bankshares from C$28.00 to C$26.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 6.08% from the company’s current price.

A number of other research firms also recently weighed in on BDT. BMO Capital Markets upped their target price on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. CIBC upped their price target on shares of Bird Construction from C$31.00 to C$31.50 in a report on Thursday, May 22nd. Raymond James Financial cut shares of Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Stifel Nicolaus dropped their target price on shares of Bird Construction from C$34.50 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, May 22nd. Finally, TD Securities lifted their price target on shares of Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bird Construction currently has an average rating of “Buy” and an average target price of C$32.19.

Bird Construction Stock Performance

BDT opened at C$24.51 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The business’s 50 day moving average is C$28.61 and its 200-day moving average is C$24.83. The stock has a market cap of C$1.37 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a twelve month low of C$17.52 and a twelve month 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.