Bird Construction (TSE:BDT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Bird Construction (TSE:BDT) had its target price raised by research analysts at Canaccord Genuity Group from C$62.00 to C$83.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 11.77% from the company’s previous close.

A number of other research firms have also recently weighed in on BDT. Jefferies Financial Group raised their price target on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. National Bank Financial boosted their price objective on Bird Construction from C$57.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. TD increased their target price on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce raised their target price on Bird Construction from C$65.00 to C$71.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 8th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$75.60.

Bird Construction Price Performance

Bird Construction stock traded up C$2.38 during trading hours on Friday, hitting C$74.26. 407,577 shares of the stock were exchanged, compared to its average volume of 278,381. The stock has a market capitalization of C$4.11 billion, a P/E ratio of 82.51, a P/E/G ratio of 0.53 and a beta of 0.34. The business’s 50-day moving average is C$65.99 and its two-hundred day moving average is C$50.38. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. Bird Construction has a 12 month low of C$22.40 and a 12 month high of C$78.64.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The company had revenue of C$1.04 billion during the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. Equities research analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

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.