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

Bird Construction (TSE:BDT) had its price objective reduced by investment analysts at CIBC from C$36.00 to C$31.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 44.12% from the company’s previous close.

Other analysts have also issued reports about the company. National Bankshares cut 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. Canaccord Genuity Group cut 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$21.51 on Friday. The stock has a market cap of C$1.20 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The business has a fifty day simple moving average of C$23.05 and a 200-day simple moving average of C$25.63. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a 12 month low of C$17.89 and a 12 month 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.