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

Bird Construction (TSE:BDT) had its price target lifted by analysts at ATB Capital from C$33.00 to C$34.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s target price points to a potential upside of 12.55% from the company’s previous close.

Other equities research analysts have also issued reports about the company. BMO Capital Markets increased their price target on Bird Construction from C$35.00 to C$37.00 in a research report on Friday, October 10th. CIBC increased their target price on Bird Construction from C$33.00 to C$37.00 in a report on Monday, October 20th. Raymond James Financial raised their target price on Bird Construction from C$35.00 to C$37.00 in a research note on Wednesday, October 15th. National Bankshares upped their price target on shares of Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, National Bank Financial raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$36.38.

Bird Construction Price Performance

Shares of Bird Construction stock opened at C$30.21 on Wednesday. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 0.53 and a beta of 0.66. The firm’s 50-day moving average price is C$28.12 and its two-hundred day moving average price is C$27.04. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$31.76.

About Bird Construction

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.