Bird Construction (TSE:BDT) Price Target Raised to C$72.00

Bird Construction (TSE:BDT – Get Free Report) had its price objective lifted by investment analysts at TD from C$63.00 to C$72.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 22.10% from the company’s previous close.

Several other research firms have also recently issued reports on BDT. Raymond James Financial upped their price target on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity Group upped their price target on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group upped their price target on shares of Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Stifel Nicolaus set a C$55.00 price target on shares of Bird Construction and gave the company a “buy” rating in a report on Friday, April 17th. Finally, BMO Capital Markets raised shares of Bird Construction from a “hold” rating to an “outperform” rating and upped their price target for the company from C$55.00 to C$60.00 in a report on Friday. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$58.20.

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Bird Construction Stock Up 1.1%

Shares of TSE BDT traded up C$0.62 during trading on Tuesday, reaching C$58.97. 241,593 shares of the stock were exchanged, compared to its average volume of 273,549. The business’s 50-day moving average price is C$43.54 and its 200 day moving average price is C$34.27. Bird Construction has a twelve month low of C$22.40 and a twelve month high of C$61.10. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The company has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 65.52, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT – Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The business had revenue of C$877.01 million for the quarter. As a group, equities analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Company Profile

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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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