Canaccord Genuity Group Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDTFree Report) had its target price boosted by Canaccord Genuity Group from C$33.00 to C$37.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. National Bank Financial increased their price target on Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday. Canadian Imperial Bank of Commerce dropped their target price on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. Raymond James Financial set a C$34.00 price target on shares of Bird Construction and gave the company an “outperform” rating in a report on Tuesday, January 20th. ATB Cormark Capital Markets raised their price objective on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets lowered their price objective on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$39.88.

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Bird Construction Price Performance

TSE BDT opened at C$34.08 on Friday. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$34.75. The business’s fifty day moving average is C$30.93 and its two-hundred day moving average is C$29.04. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 20.05, a P/E/G ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26.

Bird Construction (TSE:BDTGet Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share 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, research analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction News Roundup

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About Bird Construction

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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.

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