Canaccord Genuity Group Raises Bird Construction (TSE:BDT) Price Target to C$50.00

Bird Construction (TSE:BDT) had its target price upped by equities researchers at Canaccord Genuity Group from C$37.00 to C$50.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 13.64% from the company’s current price.

BDT has been the subject of several other research reports. Canadian Imperial Bank of Commerce raised their target price on Bird Construction from C$40.00 to C$52.00 in a research report on Thursday, April 9th. BMO Capital Markets raised their target price on Bird Construction from C$38.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Raymond James Financial raised their target price on Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. National Bank Financial raised their target price on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Finally, ATB Cormark Capital Markets lifted their price objective on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus target price of C$47.88.

Bird Construction Price Performance

Bird Construction stock opened at C$44.00 on Friday. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20. The company has a market capitalization of C$2.44 billion, a PE ratio of 51.16, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. Bird Construction has a one year low of C$20.32 and a one year high of C$48.52. The business has a 50 day simple moving average of C$36.20 and a 200 day simple moving average of C$31.51.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The business had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%. On average, sell-side analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.

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.