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

Bird Construction (TSE:BDT) had its price target lifted by equities researchers at ATB Capital from C$30.00 to C$33.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 25.76% from the stock’s current price.

A number of other research firms also recently commented on BDT. TD Securities decreased their target price on Bird Construction from C$34.00 to C$31.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. National Bankshares raised Bird Construction from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$26.00 to C$28.00 in a research note on Thursday. National Bank Financial raised Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Stifel Nicolaus reduced their price objective on Bird Construction from C$37.00 to C$34.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, CIBC reduced their price objective on Bird Construction from C$35.00 to C$33.00 in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$32.75.

Bird Construction Price Performance

Shares of Bird Construction stock opened at C$26.24 on Friday. The stock’s 50-day simple moving average is C$27.34 and its 200-day simple moving average is C$24.80. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$32.67. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.53 and a beta of 0.62. 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 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.