Bird Construction (BDT) Rating Reiterated by Raymond James

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Bird Construction (TSE:BDT)‘s stock had its “strong-buy” rating reaffirmed by Raymond James in a report released on Friday. They presently have a C$10.50 price target on the stock. Raymond James’ price objective would suggest a potential upside of 39.81% from the stock’s previous close.

Several other research firms also recently issued reports on BDT. Canaccord Genuity boosted their price objective on Bird Construction from C$9.00 to C$9.50 in a report on Thursday. TD Securities boosted their price objective on Bird Construction from C$8.00 to C$9.00 and gave the company a “buy” rating in a report on Thursday. Finally, National Bank Financial boosted their price objective on Bird Construction from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday.

Shares of Bird Construction stock opened at C$7.51 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 28.74. The firm has a market capitalization of $317.18 million and a PE ratio of -121.13. Bird Construction has a 52 week low of C$5.11 and a 52 week high of C$8.90.

About Bird Construction

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; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, and mining businesses.

Further Reading: Beta

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