Bird Construction (TSE:BDT) Price Target Cut to C$37.00 by Analysts at Stifel Nicolaus

Bird Construction (TSE:BDT) had its price objective dropped by research analysts at Stifel Nicolaus from C$38.00 to C$37.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 72.01% from the stock’s current price.

A number of other equities analysts have also issued reports on BDT. National Bankshares reduced their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Friday. Canaccord Genuity Group reduced their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday. Finally, CIBC reduced their price target on shares of Bird Construction from C$36.00 to C$31.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Bird Construction has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$21.51 on Friday. The firm has a market capitalization of C$1.20 billion, a P/E ratio of 13.03, a PEG ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The company has a 50 day moving average price of C$23.05 and a 200 day moving average price of C$25.63. Bird Construction has a 52 week low of C$17.89 and a 52 week high of C$32.67.

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.