Stifel Nicolaus Lowers Bird Construction (TSE:BDT) Price Target to C$34.00

Key Points

• Stifel Nicolaus has reduced its price target for Bird Construction from C$37.00 to C$34.00, while maintaining a "buy" rating, indicating a potential upside of 39.40% from the current price.
• Other analysts have given mixed assessments, with some downgrading their ratings, while TD Securities and BMO Capital Markets have raised their price targets, reflecting optimism in the company's performance.
• As of the latest trading session, Bird Construction's stock price has declined to C$24.39 and has a current market capitalization of C$1.36 billion with a price-to-earnings ratio of 14.77.

Bird Construction (TSE:BDT - Get Free Report) had its target price decreased by stock analysts at Stifel Nicolaus from C$37.00 to C$34.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 44.99% from the company's current price.

A number of other research analysts have also recently weighed in on BDT. TD Securities boosted their target price on shares of Bird Construction from C$26.00 to C$31.00 in a research note on Thursday, May 22nd. National Bankshares decreased their target price on shares of Bird Construction from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. CIBC upped their target price on shares of Bird Construction from C$31.00 to C$31.50 in a report on Thursday, May 22nd. BMO Capital Markets increased their price target on shares of Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd. Finally, Raymond James Financial lowered shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$32.38.

Bird Construction Stock Up 0.6%

Shares of TSE BDT traded up C$0.14 during mid-day trading on Friday, reaching C$23.45. 380,849 shares of the company's stock traded hands, compared to its average volume of 201,737. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67. The stock has a market cap of C$1.31 billion, a P/E ratio of 14.20, a PEG ratio of 0.53 and a beta of 1.05. The business has a 50-day simple moving average of C$28.37 and a 200 day simple moving average of C$24.81. 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.