Bird Construction (TSE:BDT) Price Target Cut to C$36.00 by Analysts at CIBC

Bird Construction (TSE:BDT) had its target price cut by research analysts at CIBC from C$37.00 to C$36.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 41.18% from the stock’s current price.

Other analysts also recently issued research reports about the stock. ATB Capital lifted their target price on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. National Bankshares upped their target price on Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. BMO Capital Markets dropped their price target on Bird Construction from C$37.00 to C$34.00 in a report on Thursday. TD Securities upped their price objective on Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Raymond James Financial raised their price target on shares of Bird Construction from C$35.00 to C$37.00 in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Bird Construction has a consensus rating of “Buy” and an average target price of C$35.88.

Bird Construction Stock Performance

Shares of BDT stock traded down C$0.03 during trading on Friday, reaching C$25.50. 189,570 shares of the company’s stock were exchanged, compared to its average volume of 217,612. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$31.76. The firm’s fifty day moving average price is C$29.16 and its 200-day moving average price is C$27.59. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The stock has a market capitalization of C$1.41 billion, a PE ratio of 14.17, a PEG ratio of 0.53 and a beta of 0.73.

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.