Bird Construction (TSE:BDT) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Key Points

• Raymond James Financial has raised its price target for Bird Construction from C$35.00 to C$37.00, indicating a potential upside of 24.04%.
• Bird Construction's stock is currently rated as a Buy by two analysts with a consensus price target of C$35.25.
• The company has seen fluctuations in target prices from other brokerages, with CIBC reducing its target to C$33.00, while TD Securities increased theirs to C$32.00.

Bird Construction (TSE:BDT - Get Free Report) had its price objective boosted by equities research analysts at Raymond James Financial from C$35.00 to C$37.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Raymond James Financial's target price would indicate a potential upside of 24.04% from the stock's current price.

A number of other brokerages also recently issued reports on BDT. CIBC cut their target price on Bird Construction from C$35.00 to C$33.00 in a research note on Monday, August 18th. TD Securities raised their price objective 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. ATB Capital raised their price objective on 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. BMO Capital Markets raised their price objective on Bird Construction from C$35.00 to C$37.00 in a research report on Friday, October 10th. Finally, National Bank Financial upgraded 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 given a Buy rating to the stock. Based on data from MarketBeat.com, Bird Construction has a consensus rating of "Buy" and a consensus price target of C$35.25.

Bird Construction Trading Down 1.2%

Shares of BDT traded down C$0.37 during midday trading on Wednesday, reaching C$29.83. The company had a trading volume of 87,850 shares, compared to its average volume of 218,604. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$31.94. The stock has a market cap of C$1.65 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 0.53 and a beta of 0.66. The firm has a 50 day simple moving average of C$27.31 and a 200-day simple moving average of C$26.21. The company has a quick ratio of 1.20, a current ratio of 1.25 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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