Stifel Nicolaus Lowers Bird Construction (TSE:BDT) Price Target to C$34.50

Bird Construction (TSE:BDT) had its price target lowered by equities researchers at Stifel Nicolaus from C$37.00 to C$34.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 66.35% from the company’s current price.

Several other research analysts also recently commented on BDT. CIBC lowered their target price on Bird Construction from C$36.00 to C$31.00 in a research note on Friday, March 14th. Cibc World Mkts raised Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. BMO Capital Markets cut their price target on Bird Construction from C$30.00 to C$28.00 in a research note on Thursday. National Bankshares cut their target price on shares of 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, March 14th. Finally, TD Securities dropped their price target on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.61.

Bird Construction Price Performance

Shares of Bird Construction stock traded up C$0.29 on Thursday, reaching C$20.74. 84,508 shares of the stock were exchanged, compared to its average volume of 210,321. The firm’s 50 day moving average is C$21.48 and its 200-day moving average is C$25.32. The firm has a market cap of C$1.16 billion, a PE ratio of 12.56, a P/E/G ratio of 0.53 and a beta of 1.05. 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$17.52 and a one year 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.