CIBC Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective decreased by equities research analysts at CIBC from C$36.00 to C$31.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 44.12% from the company’s previous close.

BDT has been the topic of several other reports. National Bankshares lowered their price target on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Friday. Canaccord Genuity Group lowered their price target on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$33.00.

Bird Construction Stock Up 5.3 %

Shares of BDT stock opened at C$21.51 on Friday. Bird Construction has a 1 year low of C$17.89 and a 1 year high of C$32.67. The stock has a market cap of C$1.20 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The business’s fifty day moving average is C$23.05 and its 200-day moving average is C$25.63. 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 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.