TD Securities Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its price target upped by TD Securities from C$31.00 to C$44.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 24.68% from the stock’s previous close.

Several other equities analysts have also recently issued reports on BDT. Canaccord Genuity Group boosted their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday. ATB Cormark Capital Markets increased their price objective on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James Financial boosted their price target on shares of Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, National Bank Financial raised their target price on shares of Bird Construction from C$34.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$39.13.

Bird Construction Stock Performance

Shares of TSE BDT traded up C$1.21 during midday trading on Monday, reaching C$35.29. The company had a trading volume of 181,360 shares, compared to its average volume of 230,513. The stock has a market cap of C$1.95 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.53 and a beta of 0.68. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$35.73. The business’s 50-day simple moving average is C$30.93 and its 200 day simple moving average is C$29.13.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The firm had revenue of C$877.01 million for the quarter. On average, analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

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.