Bird Construction (TSE:BDT) has been given a C$9.00 target price by investment analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 36.57% from the stock’s previous close.
A number of other brokerages have also recently weighed in on BDT. TD Securities lifted their price objective on Bird Construction from C$7.50 to C$8.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity increased their target price on Bird Construction from C$5.00 to C$6.50 in a research note on Thursday, November 7th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Bird Construction in a report on Wednesday, August 14th.
TSE BDT traded down C$0.07 on Tuesday, reaching C$6.59. The stock had a trading volume of 12,248 shares, compared to its average volume of 55,820. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 97.04. The stock has a fifty day moving average price of C$6.41 and a two-hundred day moving average price of C$5.78. Bird Construction has a 12-month low of C$4.88 and a 12-month high of C$8.20. The firm has a market capitalization of $283.59 million and a price-to-earnings ratio of 36.61.
Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.
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