Bird Construction (TSE:BDT) receives new price target of C$6.75 at CIBC

Bird Building (TSE:BDT – Get Rating) had its price target lowered by CIBC from CA$9.00 to CA$6.75 in a research note released to investors on Thursday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 12.88% from the current share price.

Other analysts have also recently published research reports on the company. TD Securities downgraded Bird Construction from a “buy” rating to a “hold” rating and lowered its price target for the company from C$10.50 to C$8.00 in a Monday research report 8 august. Stifel Nicolaus lowered his price target on Bird Construction from CA$9.50 to CA$9.00 in a Thursday, August 11 research report. Raymond James lowered its price target on Bird Construction from CA$12.00 to CA$11.00 and set an “outperform” rating for the company in a Thursday, August 11 research report. ATB Capital lowered its price target on Bird Construction from CA$12.75 to CA$10.00 in a Thursday, August 11 research report. Finally, National Bankshares lowered its price target on Bird Construction from CA$12.00 to CA$9.00 in a Thursday, August 11 research report.

Bird Building Price Performance

Shares of BDT traded at C$0.11 during Thursday trading hours, hitting C$5.98. 43,656 shares of the company were traded, compared to its average volume of 93,422. The stock has a market capitalization of C$321.10 million and a PE ratio of 7.57. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt ratio of 67.84. The company’s 50-day simple moving average is C$6.54 and its 200-day simple moving average is C$7.59. Bird Construction has a 12-month low of C$5.74 and a 12-month high of C$10.78.

Bird Construction (TSE:BDT – Get Rating) released its quarterly results for the last time on Tuesday August 9th. The company reported earnings per share (EPS) of C$0.16 for the quarter, missing analyst consensus estimates of C$0.21 by C$0.05. The company posted revenue of C$576.69 million in the quarter, while analysts had expected C$607.10 million. Stock analysts expect Bird Construction to post EPS of 0.92 for the current year.

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 metal insulation, cladding and coating, conduit, asbestos removal, and high voltage testing and commissioning services, as well as power line construction.

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