Stifel Nicolaus Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective reduced by Stifel Nicolaus from C$38.00 to C$37.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 72.66% from the stock’s current price.

Several other analysts also recently weighed in on the company. CIBC dropped their price objective on Bird Construction from C$36.00 to C$31.00 in a research report on Friday. Canaccord Genuity Group lowered their target price on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research note on Friday. Finally, National Bankshares lowered their target price on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Price Performance

BDT stock traded up C$1.00 during midday trading on Friday, reaching C$21.43. The company had a trading volume of 210,689 shares, compared to its average volume of 223,377. Bird Construction has a 1-year low of C$17.89 and a 1-year high of C$32.67. The stock 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. The company has a market capitalization 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.

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.