TD Securities Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

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 price target lowered by investment analysts at TD Securities from C$34.00 to C$31.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target points to a potential upside of 30.53% from the company's previous close.

A number of other equities analysts also recently commented on BDT. Raymond James Financial downgraded Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 17th. 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 report on Friday. CIBC dropped their price objective on Bird Construction from C$35.00 to C$33.00 in a report on Monday. National Bankshares cut their target price on Bird Construction from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday. Finally, BMO Capital Markets raised their target price on Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$32.38.

Bird Construction Stock Down 3.1%

Shares of TSE BDT traded down C$0.76 during mid-day trading on Monday, reaching C$23.75. The company had a trading volume of 401,830 shares, compared to its average volume of 196,497. The stock has a fifty day moving average of C$28.61 and a two-hundred day moving average of C$24.83. 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 has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$32.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.