Bird Construction (TSE:BDT) Given New C$34.00 Price Target at BMO Capital Markets

Bird Construction (TSE:BDT) had its target price lowered by equities research analysts at BMO Capital Markets from C$37.00 to C$34.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 33.86% from the company’s previous close.

A number of other equities research analysts have also recently commented on BDT. National Bankshares increased their target price on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Stifel Nicolaus upped their price target on Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a research report on Monday, October 6th. ATB Capital lifted their price objective on Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. TD Securities raised their target price on Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, CIBC boosted their price target on shares of Bird Construction from C$33.00 to C$37.00 in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$36.00.

Bird Construction Price Performance

Shares of TSE:BDT traded down C$2.33 during midday trading on Thursday, reaching C$25.40. 727,068 shares of the company’s stock traded hands, compared to its average volume of 216,925. The company has a fifty day simple moving average of C$29.17 and a two-hundred day simple moving average of C$27.60. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$31.76. The company has a market cap of C$1.41 billion, a P/E ratio of 14.11, a PEG ratio of 0.53 and a beta of 0.73. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25.

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.