Bird Construction (OTCMKTS:BIRDF) Trading 1.5% Higher – What’s Next?

Bird Construction Inc. (OTCMKTS:BIRDF)’s share price was up 1.5% during mid-day trading on Wednesday . The company traded as high as $47.50 and last traded at $47.50. Approximately 21,885 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 24,410 shares. The stock had previously closed at $46.82.

Analysts Set New Price Targets

BIRDF has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bird Construction in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bird Construction in a report on Monday, May 25th. Finally, TD Securities reissued a “buy” rating on shares of Bird Construction in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Bird Construction Stock Performance

The company has a 50 day moving average of $42.25 and a 200-day moving average of $31.06.

About Bird Construction

Bird Construction (OTCMKTS:BIRDF) is one of Canada’s longest‐standing general contractors, delivering construction and infrastructure projects across the country. The firm provides comprehensive building services to public and private sector clients, focusing on sectors such as institutional, healthcare, education, commercial, industrial and multi‐unit residential. Through its broad project portfolio, Bird has established a reputation for managing complex developments from initial concept through to project handover.

The company offers a full range of delivery models, including traditional design‐bid‐build, construction management, design‐build and integrated project delivery.