Bird Construction (TSE:BDT) Price Target Raised to C$70.00

Bird Construction (TSE:BDTGet Free Report) had its price target boosted by analysts at BMO Capital Markets from C$60.00 to C$70.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 18.62% from the stock’s previous close.

BDT has been the subject of a number of other research reports. National Bank Financial upped their price target on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Jefferies Financial Group upped their price target on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. ATB Cormark Capital Markets upped their price target on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canaccord Genuity Group upped their target price on Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$59.20.

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Bird Construction Stock Up 0.7%

TSE BDT traded up C$0.39 on Monday, reaching C$59.01. The company had a trading volume of 109,199 shares, compared to its average volume of 276,821. The firm has a market capitalization of C$3.27 billion, a PE ratio of 65.57, a P/E/G ratio of 0.53 and a beta of 0.34. Bird Construction has a 1 year low of C$22.40 and a 1 year high of C$61.10. The firm has a 50-day moving average of C$45.65 and a 200-day moving average of C$35.06. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

Bird Construction (TSE:BDTGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. The firm had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. On average, equities research analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

About Bird Construction

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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.

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Analyst Recommendations for Bird Construction (TSE:BDT)

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