Bird Construction (TSE:BDT) Reaches New 52-Week High – Here’s What Happened

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high on Wednesday . The stock traded as high as C$36.64 and last traded at C$36.23, with a volume of 338670 shares trading hands. The stock had previously closed at C$35.56.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group upped their price target on Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. TD Securities raised their price objective on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial boosted their target price on Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. National Bank Financial upped their target price on Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets increased their price target on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bird Construction has an average rating of “Buy” and an average target price of C$39.13.

Bird Construction Price Performance

The stock’s 50 day simple moving average is C$31.19 and its 200-day simple moving average is C$29.31. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The business had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. Equities research analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.