TD Securities Raises Bird Construction (TSE:BDT) Price Target to C$22.00

Bird Construction (TSE:BDT) had its target price lifted by stock analysts at TD Securities from C$17.00 to C$22.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 17.58% from the company’s current price.

BDT has been the subject of several other research reports. National Bankshares upped their price target on Bird Construction from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Thursday. CIBC cut Bird Construction from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$17.00 to C$20.00 in a research report on Thursday. ATB Capital boosted their price objective on Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, National Bank Financial cut Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$20.06.

Bird Construction Stock Up 2.1 %

Shares of TSE BDT traded up C$0.38 during midday trading on Friday, hitting C$18.71. 98,454 shares of the stock traded hands, compared to its average volume of 154,802. The company has a market cap of C$1.01 billion, a PE ratio of 15.98, a P/E/G ratio of 0.53 and a beta of 1.20. Bird Construction has a one year low of C$8.01 and a one year high of C$19.40. The business has a 50 day moving average price of C$15.59 and a two-hundred day moving average price of C$12.90. The company has a debt-to-equity ratio of 54.65, a quick ratio of 1.20 and a current ratio of 1.22.

Bird Construction Company Profile

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional, and civil infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.