CIBC Lowers Bird Construction (TSE:BDT) Price Target to C$31.00

Bird Construction (TSE:BDT - Get Free Report) had its price target lowered by equities research analysts at CIBC from C$36.00 to C$31.00 in a research report issued on Friday,BayStreet.CA reports. CIBC's price target points to a potential upside of 44.12% from the stock's previous close.

BDT has been the subject of a number of other research reports. Canaccord Genuity Group decreased their price target on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating for the company in a research report on Friday. National Bankshares decreased their price objective on shares of Bird Construction from C$32.00 to C$30.00 and set a "sector perform" rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$33.00.

Bird Construction Stock Up 5.3 %

Shares of Bird Construction stock traded up C$1.08 during trading hours on Friday, hitting C$21.51. 376,303 shares of the company's stock traded hands, compared to its average volume of 226,880. Bird Construction has a twelve month low of C$17.89 and a twelve month high of C$32.67. The company has a market cap of C$1.20 billion, a PE ratio of 13.03, a PEG ratio of 0.53 and a beta of 1.05. 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 50 day simple moving average of C$23.05 and a 200-day simple moving average of C$25.63.

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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.