Bird Construction (TSE:BDT) Price Target Cut to C$28.00 by Analysts at BMO Capital Markets

Bird Construction (TSE:BDT) had its target price cut by equities researchers at BMO Capital Markets from C$30.00 to C$28.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 33.97% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. National Bankshares decreased their price objective on shares of 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. TD Securities lowered their price target on Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. CIBC cut their price objective on Bird Construction from C$36.00 to C$31.00 in a research report on Friday, March 14th. Canaccord Genuity Group lowered their target price on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Stifel Nicolaus reduced their price objective on Bird Construction from C$38.00 to C$37.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$31.61.

Bird Construction Stock Up 2.2 %

BDT opened at C$20.90 on Thursday. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$32.67. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The business has a 50 day moving average price of C$21.33 and a 200 day moving average price of C$25.27. The firm has a market cap of C$1.17 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

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.