TD Securities Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price target reduced by analysts at TD Securities from C$36.00 to C$33.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 48.31% from the stock’s current price.

Several other equities analysts have also recently weighed in on BDT. Canaccord Genuity Group decreased their price objective on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a report on Friday, March 14th. Stifel Nicolaus decreased their price objective on Bird Construction from C$38.00 to C$37.00 and set a “buy” rating for the company in a report on Friday, March 14th. CIBC decreased their price objective on Bird Construction from C$36.00 to C$31.00 in a report on Friday, March 14th. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. Finally, National Bankshares decreased their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$32.67.

Bird Construction Price Performance

BDT stock opened at C$22.25 on Tuesday. The stock has a market cap of C$1.24 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The stock has a 50-day moving average price of C$22.88 and a two-hundred day moving average price of C$25.61. 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$17.89 and a 1 year high of C$32.67.

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.