Bird Construction (TSE:BDT) Given New C$37.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets has raised its price target for Bird Construction from C$35.00 to C$37.00, suggesting a potential upside of 21.59% from the current price.
• Several analysts have recently revised their ratings, with Raymond James downgrading Bird from a "strong-buy" to a "moderate buy", while National Bank upgraded it to a "strong-buy".
• Currently, Bird Construction's stock is trading at C$30.43, with a market capitalization of C$1.69 billion and an average rating of "Buy" from equity analysts.

Bird Construction (TSE:BDT - Get Free Report) had its price target lifted by equities researchers at BMO Capital Markets from C$35.00 to C$37.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price would indicate a potential upside of 21.59% from the company's current price.

Several other equities analysts have also issued reports on the company. Raymond James Financial lowered Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. ATB Capital boosted their price target on Bird Construction from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. National Bank Financial upgraded Bird Construction from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. TD Securities boosted their price objective on Bird Construction from C$31.00 to C$32.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Stifel Nicolaus upped their price target on Bird Construction from C$36.00 to C$41.00 and gave the stock a "buy" rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$35.00.

Bird Construction Trading Down 0.2%

TSE:BDT traded down C$0.06 during trading hours on Friday, hitting C$30.43. The company had a trading volume of 126,027 shares, compared to its average volume of 218,903. The company has a market capitalization of C$1.69 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.53 and a beta of 0.66. The stock has a 50-day moving average price of C$27.19 and a 200 day moving average price of C$26.01. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$32.49. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

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.