The Globe and Mail reports in its Wednesday, May 21, edition that H.C. Wainwright analyst Heiko Ihle continues to rate Bird Construction "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ihle's share target soared $5 to $31. Analysts on average target the shares at $32.17. Mr. Ihle says in a note: "Adjusted EBITDA was about 3 per cent above consensus on better margins, but revenue growth (up 4.3 per cent year-over-year vs. consensus at up 7.9 per cent year-over-year) was soft partly due to certain industrial work deferrals (customer caution given macro). Q2/25 revenue may be similarly affected. Still, Bird Construction noted that its record combined backlog provides good visibility into meeting its 2025 targets. We remain constructive on Bird Construction's outlook and the stock." The Globe reported on March 14 and May 16 that National Bank Financial analyst Maxim Sytchev had reaffirmed his "sector perform" recommendation for Bird Construction. The shares could then be had for $21.51 and $25.31. The Globe reported on April 23 that Raymond James analyst Frederic Bastien had upgraded Bird Construction to "strong buy" from "outperform." The shares could then be had for $20.64.
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