Bird Construction (TSE:BDT) Price Target Cut to C$35.00 by Analysts at Canaccord Genuity Group

Bird Construction (TSE:BDT) had its price target cut by equities researchers at Canaccord Genuity Group from C$36.00 to C$35.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 63.32% from the company’s current price.

Other research analysts have also issued reports about the stock. CIBC upped their target price on shares of Bird Construction from C$34.00 to C$36.00 in a research report on Monday, February 3rd. National Bankshares dropped their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Bird Construction presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

Bird Construction Stock Performance

Shares of TSE BDT traded up C$1.00 during midday trading on Friday, reaching C$21.43. The company’s stock had a trading volume of 210,689 shares, compared to its average volume of 223,377. The firm has a 50 day moving average price of C$23.16 and a 200-day moving average price of C$25.65. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. Bird Construction has a 12-month low of C$17.89 and a 12-month high of C$32.67. The stock has a market capitalization of C$1.20 billion, a P/E ratio of 12.98, a PEG ratio of 0.53 and a beta of 1.05.

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.