Canaccord Genuity Group Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its price objective lifted by investment analysts at Canaccord Genuity Group from C$50.00 to C$62.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 7.60% from the company’s current price.

A number of other research analysts have also recently weighed in on BDT. Canadian Imperial Bank of Commerce lifted their target price on Bird Construction from C$40.00 to C$52.00 in a report on Thursday, April 9th. Raymond James Financial boosted their price target on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. TD boosted their price objective on Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. TD Securities upped their target price on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, National Bank Financial increased their price objective on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$56.40.

Bird Construction Price Performance

TSE BDT traded up C$6.53 during mid-day trading on Friday, hitting C$57.62. The stock had a trading volume of 443,309 shares, compared to its average volume of 271,511. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 75.66. The company has a 50 day simple moving average of C$42.49 and a 200 day simple moving average of C$33.89. The company has a market cap of C$3.19 billion, a price-to-earnings ratio of 67.00, a P/E/G ratio of 0.53 and a beta of 0.34. Bird Construction has a 52-week low of C$22.40 and a 52-week high of C$58.22.

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