Bird Construction (TSE:BDT) Stock Price Target Raised at National Bank Financial

Bird Construction (TSE:BDT) had its price objective increased by stock analysts at National Bank Financial from C$92.00 to C$101.00 in a report issued on Friday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price target indicates a potential upside of 33.53% from the company’s previous close.

A number of other research analysts also recently weighed in on BDT. ATB Cormark Capital Markets increased their price objective on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Raymond James Financial lifted their target price on shares of Bird Construction from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets boosted their target price on shares of Bird Construction from C$95.00 to C$100.00 and gave the company an “outperform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce increased their price target on Bird Construction from C$83.00 to C$87.00 in a report on Thursday, October 29th. Finally, Canaccord Genuity Group cut Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price target on the stock. in a report on Thursday, October 15th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$87.10.

Bird Construction Stock Performance

TSE:BDT traded down C$1.01 during mid-day trading on Friday, reaching C$75.64. The company’s stock had a trading volume of 307,526 shares, compared to its average volume of 309,215. Bird Construction has a 12-month low of C$24.39 and a 12-month high of C$86.50. The firm’s fifty day moving average price is C$76.13 and its two-hundred day moving average price is C$58.19. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The stock has a market cap of C$4.19 billion, a P/E ratio of 70.69, a PEG ratio of 0.53 and a beta of -0.01.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$1.30 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. On average, equities analysts forecast that Bird Construction will post 2.76 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.