Bird Construction (TSE:BDT) Given New C$26.00 Price Target at National Bankshares

Key Points

• National Bankshares has reduced the price target for Bird Construction from C$28.00 to C$26.00, maintaining an "outperform" rating that suggests a potential upside of 6.60% from the current stock price.
• Other analyst reports vary, with TD Securities raising its target to C$31.00, while Raymond James downgraded the stock from "strong-buy" to "moderate buy."
• Currently, Bird Construction has a consensus rating of "Buy" with an average price target of C$32.19, despite its recent performance showing a decline to C$24.39.

Bird Construction (TSE:BDT - Get Free Report) had its target price dropped by research analysts at National Bankshares from C$28.00 to C$26.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 6.60% from the stock's current price.

BDT has been the subject of a number of other reports. TD Securities upped their price objective on shares of Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. Raymond James Financial cut shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. CIBC upped their price target on shares of Bird Construction from C$31.00 to C$31.50 in a research report on Thursday, May 22nd. BMO Capital Markets upped their price target on shares of Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their price target on shares of Bird Construction from C$34.50 to C$34.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Bird Construction has a consensus rating of "Buy" and a consensus price target of C$32.19.

Bird Construction Price Performance

Shares of Bird Construction stock traded down C$1.05 on Friday, reaching C$24.39. 745,203 shares of the stock were exchanged, compared to its average volume of 193,882. The firm's 50 day moving average is C$28.67 and its 200-day moving average is C$24.83. Bird Construction has a one year low of C$17.52 and a one year 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 firm has a market cap of C$1.36 billion, a PE ratio of 14.77, a P/E/G ratio of 0.53 and a beta of 1.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.