Bird Construction (TSE:BDT) Price Target Cut to C$34.00 by Analysts at Stifel Nicolaus

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 price target lowered by research analysts at Stifel Nicolaus from C$37.00 to C$34.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 39.40% from the company's current price.

A number of other analysts have also commented on BDT. Raymond James Financial lowered Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 17th. TD Securities raised their price target on Bird Construction from C$26.00 to C$31.00 in a research note on Thursday, May 22nd. BMO Capital Markets raised their price target on Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. CIBC raised their price objective on Bird Construction from C$31.00 to C$31.50 in a report on Thursday, May 22nd. Finally, National Bankshares cut their price objective on Bird Construction from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$32.19.

Bird Construction Price Performance

Bird Construction stock traded down C$1.05 during trading hours on Friday, hitting C$24.39. The stock had a trading volume of 745,203 shares, compared to its average volume of 193,882. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67. The stock's fifty day moving average is C$28.67 and its two-hundred day moving average is C$24.83.

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.

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