Stifel Nicolaus Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price dropped by equities researchers at Stifel Nicolaus from C$38.00 to C$37.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 72.01% from the company’s previous close.

BDT has been the subject of a number of other reports. Canaccord Genuity Group dropped their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday. National Bankshares dropped their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, CIBC dropped their price target on shares of Bird Construction from C$36.00 to C$31.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Stock Performance

Shares of BDT stock opened at C$21.51 on Friday. The company has a 50 day moving average price of C$23.05 and a 200-day moving average price of C$25.63. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The firm has a market capitalization of C$1.20 billion, a PE ratio of 13.03, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$17.89 and a 52 week high of C$32.67.

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.