Brokerages Set Bird Construction Inc. (OTCMKTS:BIRDF) Target Price at $11.90

Bird Construction Inc. (OTCMKTS:BIRDF – Get Rating) has been assigned an average recommendation of “moderate buy” by the seven ratings companies that currently cover the stock, reports Marketbeat Ratings. One research analyst rated the stock with a hold recommendation and four gave the company a buy recommendation. The average 1-year target price among brokerages that have hedged the stock over the past year is $11.90.

A number of brokerages have published reports on BIRDF. TD Securities cut its price target on Bird Construction shares from C$12.50 to C$10.50 in a Friday, May 13 report. Stifel Nicolaus cut his price target on Bird Construction shares from C$13.75 to C$9.50 in a Monday, July 11 report. Finally, Industrial Alliance Securities downgraded the shares of Bird Construction from a “buy” rating to a “hold” rating in a report on Wednesday, August 3.

Bird Building Stock Performance

Shares of OTCMKTS BIRDF opened at $5.47 on Friday. The company’s fifty-day moving average is $5.99 and its two-hundred-day moving average is $6.71. Bird Construction has a 52-week low of $5.38 and a 52-week high 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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Analyst recommendations for Bird Construction (OTCMKTS: BIRDF)

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