Canaccord Genuity Group Issues Pessimistic Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective cut by equities researchers at Canaccord Genuity Group from C$36.00 to C$35.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 62.72% from the stock’s previous close.

A number of other brokerages have also issued reports on BDT. National Bankshares decreased their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a report on Friday. CIBC increased their price objective on Bird Construction from C$34.00 to C$36.00 in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Bird Construction has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Stock Performance

Shares of BDT stock opened at C$21.51 on Friday. Bird Construction has a 12-month low of C$17.89 and a 12-month high of C$32.67. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The business has a 50 day simple moving average of C$23.05 and a 200 day simple moving average of C$25.63. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

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.