Bird Construction (TSE:BDT) Price Target Raised to C$72.00

Bird Construction (TSE:BDT) had its target price hoisted by TD from C$63.00 to C$72.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 22.10% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research note on Friday. ATB Cormark Capital Markets boosted their price objective on shares of Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities boosted their price objective on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Raymond James Financial boosted their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, National Bank Financial boosted their price objective on shares of Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bird Construction presently has an average rating of “Buy” and a consensus price target of C$58.20.

Bird Construction Trading Up 1.1%

Bird Construction stock traded up C$0.62 during trading on Tuesday, reaching C$58.97. The company had a trading volume of 241,593 shares, compared to its average volume of 273,549. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$61.10. The stock’s 50 day moving average price is C$43.54 and its two-hundred day moving average price is C$34.27. The firm has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 65.52, a PEG ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The firm had revenue of C$877.01 million during the quarter. As a group, equities analysts expect that Bird Construction will post 2.7598533 earnings per share 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.