Bird Construction (TSE:BDT) Price Target Raised to C$41.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised the price target for Bird Construction from C$36.00 to C$41.00, suggesting a potential upside of 31.62% based on the company's previous close.
• Multiple brokerages have issued positive ratings on Bird Construction, with two analysts giving a Strong Buy rating and five others issuing a Buy rating.
• Bird Construction's stock price increased to C$31.15 during trading, with a twelve-month range between a low of C$17.52 and a high of C$32.67.

Bird Construction (TSE:BDT - Get Free Report) had its price target lifted by Stifel Nicolaus from C$36.00 to C$41.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 31.62% from the company's previous close.

Several other brokerages have also recently commented on BDT. 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 report on Friday, September 5th. National Bankshares boosted their target price on shares of Bird Construction from C$28.00 to C$34.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. CIBC cut their target price on shares of Bird Construction from C$35.00 to C$33.00 in a research note on Monday, August 18th. Raymond James Financial lowered shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Finally, National Bank Financial raised Bird Construction from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, Bird Construction currently has an average rating of "Buy" and an average target price of C$34.13.

Bird Construction Price Performance

Shares of BDT stock traded up C$0.85 during mid-day trading on Monday, hitting C$31.15. 221,892 shares of the stock traded hands, compared to its average volume of 219,458. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$32.67. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The company's 50-day simple moving average is C$27.03 and its 200-day simple moving average is C$25.82. The firm has a market cap of C$1.73 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.53 and a beta of 0.66.

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.

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