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

Bird Construction (TSE:BDT) had its price objective upped by TD Securities from C$31.00 to C$32.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 21.95% from the stock’s current price.

Other equities analysts have also issued reports about the company. National Bankshares upgraded Bird Construction from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$26.00 to C$28.00 in a research note on Thursday. BMO Capital Markets lifted their price objective on Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. Stifel Nicolaus raised their price target on shares of Bird Construction from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James Financial lowered shares of Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Finally, CIBC decreased their price target on shares of Bird Construction from C$35.00 to C$33.00 in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Bird Construction currently has an average rating of “Buy” and an average price target of C$32.75.

Bird Construction Stock Up 0.9%

Bird Construction stock opened at C$26.24 on Friday. The company has a market capitalization of C$1.45 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.53 and a beta of 0.62. Bird Construction has a 1-year low of C$17.52 and a 1-year 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 firm’s fifty day simple moving average is C$27.34 and its 200-day simple moving average is 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.