Stifel Nicolaus Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its price objective lifted by equities researchers at Stifel Nicolaus from C$34.00 to C$36.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 37.20% from the stock’s previous close.

Several other analysts have also recently commented on BDT. BMO Capital Markets lifted their target price on shares of Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. Raymond James Financial downgraded Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 17th. National Bank Financial upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Wednesday. CIBC dropped their price objective on Bird Construction from C$35.00 to C$33.00 in a report on Monday, August 18th. Finally, National Bankshares raised shares of Bird Construction from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$26.00 to C$28.00 in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, Bird Construction presently has a consensus rating of “Buy” and an average target price of C$32.75.

Bird Construction Trading Up 0.9%

Shares of Bird Construction stock opened at C$26.24 on Friday. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$32.67. 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 stock has a market cap of C$1.45 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.53 and a beta of 0.62. The company has a 50-day moving average of C$27.34 and a two-hundred day moving average of C$24.80.

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.