Bird Construction (OTCMKTS:BIRDF) Shares Down 1.7% – Here’s Why

Bird Construction Inc. (OTCMKTS:BIRDF) shares were down 1.7% on Wednesday . The stock traded as low as $42.42 and last traded at $42.42. Approximately 6,458 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 24,984 shares. The stock had previously closed at $43.15.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BIRDF shares. BMO Capital Markets restated an “outperform” rating on shares of Bird Construction in a research report on Monday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bird Construction in a research report on Tuesday, May 19th. Finally, TD Securities restated a “buy” rating on shares of Bird Construction in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Bird Construction has a consensus rating of “Buy”.

Bird Construction Stock Down 1.7%

The stock’s 50 day moving average is $34.24 and its two-hundred day moving average is $25.87.

About Bird Construction

Bird Construction (OTCMKTS:BIRDF) is one of Canada’s longest‐standing general contractors, delivering construction and infrastructure projects across the country. The firm provides comprehensive building services to public and private sector clients, focusing on sectors such as institutional, healthcare, education, commercial, industrial and multi‐unit residential. Through its broad project portfolio, Bird has established a reputation for managing complex developments from initial concept through to project handover.

The company offers a full range of delivery models, including traditional design‐bid‐build, construction management, design‐build and integrated project delivery.