The Globe and Mail reports in its Wednesday, May 20, edition that TD Cowen analyst Michael Tupholme has reaffirmed his "buy" recommendation for Bird Construction. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tupholme's share target soared $9 to $72. Analysts on average target the shares at $52.86. Mr. Tupholme says in a note: "While Bird Construction's share price has performed exceptionally well year-to-date (up 100 per cent), we continue to see upside supported by both multiple rerating and a highly attractive EBITDA growth algorithm. Bird continues to trade at one of the lowest valuations among North American construction peers. Continued award wins in the near-to-medium term should improve visibility on Bird's growth across key end markets and support rerating." The Globe reported on Aug. 19 and Oct. 28 that Mr. Tupholme continued to rate Bird Construction "buy." The shares could then be had for $23.31 and $30.57. The Globe reported on May 15 that BMO Capital analyst John Gibson had upgraded Bird Construction to "outperform" from "market perform." The shares could then be had for $58.35.
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