TD Securities Cuts Bird Construction (TSE:BDT) Price Target to C$31.00

Key Points

• TD Securities has lowered its price target for Bird Construction (TSE: BDT) from C$34.00 to C$31.00, but maintains a "buy" rating, indicating a potential upside of 30.53% from the previous close.
• Multiple analysts have downgraded or adjusted their ratings on Bird Construction, with Raymond James changing their rating from "strong-buy" to "moderate buy".
• Bird Construction's stock has fallen by 3.1%, currently trading at C$23.75, with a market capitalization of C$1.33 billion and a debt-to-equity ratio of 74.70.

Bird Construction (TSE:BDT - Get Free Report) had its target price lowered by stock analysts at TD Securities from C$34.00 to C$31.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 30.47% from the company's current price.

Several other research analysts also recently commented on BDT. BMO Capital Markets lifted their target price on shares of Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on Bird Construction from C$37.00 to C$34.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. National Bankshares decreased their target price on Bird Construction from C$28.00 to C$26.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. CIBC lowered their target price on Bird Construction from C$35.00 to C$33.00 in a report on Monday, August 18th. Finally, Raymond James Financial cut Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$32.38.

Bird Construction Stock Performance

Bird Construction stock traded up C$0.23 during trading hours on Monday, reaching C$23.76. 246,344 shares of the company were exchanged, compared to its average volume of 203,469. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$32.67. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.53 and a beta of 1.05. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The stock has a 50-day moving average of C$28.19 and a 200 day moving average of C$24.82.

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.