Bird Construction (TSE:BDT) Price Target Raised to C$37.00

Key Points

• CIBC raised the price target for Bird Construction (TSE:BDT) from C$33.00 to C$37.00, indicating a potential upside of 25.76% from its current price.
• Several other equity analysts have also increased their price targets, with average estimates now around C$35.75 and most analysts rating the stock as a Buy.
• Bird Construction's stock has shown volatility, with a one-year low of C$17.52 and a high of C$31.76, while its market cap stands at C$1.63 billion.

Bird Construction (TSE:BDT - Get Free Report) had its price target upped by equities researchers at CIBC from C$33.00 to C$37.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC's target price points to a potential upside of 25.76% from the company's current price.

Other equities analysts have also recently issued research reports about the company. ATB Capital raised their price target on Bird Construction from C$30.00 to C$33.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Stifel Nicolaus raised 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, October 6th. BMO Capital Markets raised their price target on Bird Construction from C$35.00 to C$37.00 in a research note on Friday, October 10th. Raymond James Financial upped their target price on Bird Construction from C$35.00 to C$37.00 in a report on Wednesday, October 15th. Finally, National Bankshares upped their target price on Bird Construction from C$28.00 to C$34.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$35.75.

Bird Construction Price Performance

BDT traded up C$0.17 on Monday, hitting C$29.42. 40,688 shares of the company's stock traded hands, compared to its average volume of 217,332. The company's 50 day simple moving average is C$27.35 and its 200-day simple moving average is C$26.41. The firm has a market cap of C$1.63 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.53 and a beta of 0.66. Bird Construction has a one year low of C$17.52 and a one year high of C$31.76. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70.

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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