Bird Construction (OTCMKTS:BIRDF) PT lowered to CA$11.00


Bird Building (OTCMKTS:BIRDF – Get Rating) saw its price target lowered by analysts at Raymond James from CA$12.00 to CA$11.00 in a research note released Thursday to investors, reports The Fly.

A number of other analysts have also recently weighed in on the stock. TD Securities reduced its price target on Bird Construction shares from C$12.50 to C$10.50 in a Friday, May 13 research note. Industrial Alliance Securities upgraded the shares of Bird Construction from a “buy” rating to a “hold” rating in a Wednesday, Aug. 3 research note. Finally, Stifel Nicolaus lowered his price target on Bird Construction shares from C$9.50 to C$9.00 in a research report on Thursday. One equity research analyst gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, Bird Construction currently has an average rating of “Moderate Buy” and an average price target of $10.92.

Bird Building Stock Performance

Shares of Bird Construction opened at $5.50 on Thursday. The company has a fifty-day simple moving average of $5.91 and a 200-day simple moving average of $6.67. Bird Construction has a 1 year minimum of $5.38 and a 1 year maximum of $8.51.

About Bird Construction

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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, including manufacturing, processing, distribution and warehousing facilities; undertakes structural, mechanical, piping, electrical and instrumentation work which includes off-site fabrication of metal and modules; and provides insulation, metal facing and coating, conduit, asbestos removal, and high voltage testing and commissioning services, as well as power line construction.

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