The Globe and Mail reports in its Friday, Feb. 20, edition that ATB Cormark Capital Markets analyst Chris Murray is keeping his "outperform" recommendation for Bird Construction intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray gave his share target a $4 boost to $35. Analysts on average target the shares at $36. Mr. Murray says in a note: "We are revising our Q4/25 estimates upward to reflect the revenue/project mix, given the recent acquisition of Fraser River Pile & Dredge (FRPD) and the delayed industrial projects. While the delayed capital projects are expected to remain a headwind in H1/26, the $10-billion total backlog, strong booking trends and margin accretive revenue from FRPD give us confidence that growth should reaccelerate in H2/26." The Globe reported on May 16 that Mr. Murray had reaffirmed his "outperform" for Bird Construction. It was then worth $22.51. The Globe reported on Jan. 21, that Raymond James analyst Frederic Bastien had reaffirmed his "outperform" recommendation and $34 share target for Bird Construction. The shares could then be had for $29.94.
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