Canaccord Genuity Downgrades Bird Construction (BDT) to Hold

By Austin Angelo

Bird Construction (BDTResearch Report), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Yuri Lynk from Canaccord Genuity rated Bird Construction (BDTResearch Report) a Hold, setting a C$7.50 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 5.1% and a 52.6% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, SNC-Lavalin Group Inc, and Stantec Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bird Construction with a C$9 average price target.

Bird Construction’s market cap is currently C$305.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 2.24.

Bird Construction, Inc. is an investment holding company with interest in construction services. The company through its subsidiaries carries on business as a general contractor with offices in St. John’s, Wabush, Halifax, Saint John, Montreal, Toronto, Winnipeg, Calgary, Edmonton and Vancouver.

The company’s shares closed on Wednesday at C$6.37.