Canaccord Genuity Group Lowers Bird Construction (TSE:BDT) Price Target to C$35.00

Bird Construction (TSE:BDT) had its target price lowered by equities researchers at Canaccord Genuity Group from C$36.00 to C$35.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 62.72% from the stock’s current price.

Several other brokerages have also recently issued reports on BDT. National Bankshares cut their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Friday. CIBC upped their price objective on Bird Construction from C$34.00 to C$36.00 in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Trading Up 5.3 %

TSE:BDT opened at C$21.51 on Friday. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a one year low of C$17.89 and a one year high of C$32.67. The business’s 50-day simple moving average is C$23.05 and its 200 day simple moving average is C$25.63. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

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.