Bird Construction (TSE:BDT) Price Target Raised to C$70.00

Bird Construction (TSE:BDT) had its target price raised by investment analysts at BMO Capital Markets from C$60.00 to C$70.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 18.62% from the company’s current price.

A number of other research firms also recently commented on BDT. Jefferies Financial Group raised their target price on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. National Bank Financial lifted their price target on 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. TD Securities lifted their price target on 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. TD lifted their price target on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Raymond James Financial lifted 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, May 15th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bird Construction currently has a consensus rating of “Buy” and an average price target of C$59.20.

Bird Construction Stock Performance

TSE:BDT traded up C$0.39 during midday trading on Monday, reaching C$59.01. The stock had a trading volume of 109,199 shares, compared to its average volume of 276,821. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$61.10. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The firm has a fifty day simple moving average of C$45.65 and a two-hundred day simple moving average of C$35.06. The stock has a market cap of C$3.27 billion, a P/E ratio of 65.57, a P/E/G ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, May 13th. The company reported C$0.25 EPS for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The company had revenue of C$783.37 million during the quarter. On average, equities analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

About Bird Construction

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.