Bird Construction (TSE:BDT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Bird Construction Inc. (TSE:BDT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.86 and traded as high as C$31.50. Bird Construction shares last traded at C$31.48, with a volume of 176,403 shares.

Analyst Ratings Changes

Several research firms have weighed in on BDT. ATB Cormark Capital Markets cut Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, February 20th. BMO Capital Markets decreased their price target on shares of Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. Finally, Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the company an “outperform” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$35.50.

Bird Construction Price Performance

The stock has a 50 day moving average price of C$30.61 and a two-hundred day moving average price of C$28.86. The company has a debt-to-equity ratio of 75.72, a quick ratio of 1.20 and a current ratio of 1.28. The company has a market capitalization of C$1.74 billion, a PE ratio of 18.52, a P/E/G ratio of 0.53 and a beta of 0.68.

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.