Bird Construction Inc. : Might increase soon
Entry price | Target | Stop-loss | Potential |
---|
$13.17 |
$0 |
$12.8 |
-100% |
---|
Bird Construction Inc is a Canadian building contractor. The company focuses primarily on projects in the industrial, mining, commercial and institutional sectors of the general contracting industry. Its main competitors are Aecon Group and The Churchill Corp.
Fundamentally, Bird’s valuation is in line with the industry. It has a yield of 5.40% and the operating margin is quite good. Furthermore, dividend payout ratio is high at 62.7%.The company has a strong liquidity position. The security seems growing and solid. A proof of it is the five stars rating of Superformance.
From mid-May to mid-June, the stock was fallen and the downtrend pushed it close to its CAD 13 support. The stock is trading in consolidation movement, we should give attention to break out the range between CAD 14 and CAD 13, in order to take a long position.
Therefore, investors might wait for a confirmation and take a buy order at CAD 14.2 in order to aim CAD 15.5. A stop loss will be placed at CAD 13.5
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