Bird Construction (OTCMKTS:BIRDF) shares fall 7.1%


Bird Construction Inc. (OTCMKTS:BIRDF – Get Rating) stock price fell 7.1% in Wednesday’s trading. The stock traded as low as $6.24 and last traded at $6.25. Around 600 shares were traded during trading, down 36% from the average daily volume of 944 shares. The stock had previously closed at $6.73.

Several equity research analysts have recently commented on BIRDF shares. TD Securities reduced its price target on Bird Construction from C$12.50 to C$10.50 in a Friday, May 13 research note. Stifel Nicolaus lowered his price target on Bird Construction from CA$14.25 to CA$13.75 in a Thursday, March 10 report. Six analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus price target of $12.75.

The company has a 50-day moving average of $6.70 and a 200-day moving average of $7.19.

Bird Construction Company Profile (OTCMKTS: BIRDF)

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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