TD Securities Lowers Bird Construction (TSE:BDT) Price Target to C$33.00

Bird Construction (TSE:BDT) had its price objective cut by research analysts at TD Securities from C$36.00 to C$33.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 52.35% from the stock’s previous close.

A number of other analysts have also weighed in on BDT. National Bankshares reduced their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Friday. Canaccord Genuity Group cut their target price on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Friday. Stifel Nicolaus dropped their price objective on Bird Construction from C$38.00 to C$37.00 and set a “buy” rating on the stock in a research note on Friday. Finally, CIBC decreased their target price on Bird Construction from C$36.00 to C$31.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$32.67.

Bird Construction Price Performance

BDT stock traded up C$0.03 during trading on Tuesday, hitting C$21.66. The company had a trading volume of 54,705 shares, compared to its average volume of 224,499. The business has a 50 day moving average of C$22.97 and a 200 day moving average of C$25.62. The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.53 and a beta of 1.05. 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 fifty-two week low of C$17.89 and a fifty-two week 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.