BMO Capital Markets Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective raised by stock analysts at BMO Capital Markets from C$38.00 to C$52.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 34.44% from the company’s previous close.

Other analysts have also issued reports about the stock. Raymond James Financial upped their price target on shares of Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. ATB Cormark Capital Markets increased their target price on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, March 13th. TD Securities lifted their price target on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. National Bank Financial boosted their price objective on Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Finally, Canaccord Genuity Group raised their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bird Construction has a consensus rating of “Buy” and a consensus price target of C$41.38.

Bird Construction Price Performance

TSE BDT traded up C$0.74 on Thursday, reaching C$38.68. 324,740 shares of the company’s stock traded hands, compared to its average volume of 235,881. The stock has a market cap of C$2.14 billion, a PE ratio of 44.98, a P/E/G ratio of 0.53 and a beta of 0.68. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$39.86. The stock has a 50-day simple moving average of C$31.90 and a 200 day simple moving average of C$29.77. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. The company had revenue of C$877.01 million during the quarter. As a group, research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

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.