Bird Construction (TSE:BDT) Price Target Raised to C$34.00 at National Bankshares

Key Points

• National Bankshares raised its price target for Bird Construction from C$28.00 to C$34.00, suggesting an upside potential of 18.43% based on the company's current stock price.
• Several other analysts, including TD Securities and Stifel Nicolaus, have also increased their target prices and provided positive ratings for the stock, with an overall average price target of C$33.50.
• Bird Construction's stock is currently trading at C$28.71 and has seen a 12-month range between C$17.52 and C$32.67, indicating significant volatility in its market performance.

Bird Construction (TSE:BDT - Get Free Report) had its target price hoisted by National Bankshares from C$28.00 to C$34.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 18.43% from the company's current price.

A number of other research firms also recently weighed in on BDT. TD Securities boosted their target price on Bird Construction from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. National Bank Financial upgraded shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Stifel Nicolaus raised their target price on shares of Bird Construction from C$34.00 to C$36.00 and gave the company a "buy" rating in a research note on Friday, September 5th. ATB Capital boosted their price target on shares of Bird Construction from C$30.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Finally, CIBC cut their price objective on shares of Bird Construction from C$35.00 to C$33.00 in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$33.50.

Bird Construction Trading Up 0.2%

BDT stock traded up C$0.06 during trading on Wednesday, hitting C$28.71. The company had a trading volume of 131,796 shares, compared to its average volume of 219,396. The firm has a 50-day moving average price of C$26.97 and a 200-day moving average price of C$25.33. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$32.67. 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 cap of C$1.59 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 0.53 and a beta of 0.62.

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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