Canaccord Genuity Group Cuts Bird Construction (TSE:BDT) Price Target to C$35.00

Bird Construction (TSE:BDT) had its target price reduced by Canaccord Genuity Group from C$36.00 to C$35.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 63.32% from the stock’s current price.

Several other equities analysts also recently commented on BDT. National Bankshares decreased their target price on 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. CIBC boosted their price target on Bird Construction from C$34.00 to C$36.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Stock Performance

Shares of Bird Construction stock traded up C$1.00 on Friday, hitting C$21.43. The stock had a trading volume of 210,689 shares, compared to its average volume of 223,377. Bird Construction has a twelve month low of C$17.89 and a twelve month high of C$32.67. The business’s 50 day moving average is C$23.16 and its two-hundred day moving average is C$25.65. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

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.