Badger Infrastructure Solutions (TSE:BDGI) PT Raised to C$52.00 at CIBC

Badger Infrastructure Solutions (TSE:BDGIGet Free Report) had its price objective raised by stock analysts at CIBC from C$50.00 to C$52.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 4.00% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Raymond James set a C$52.00 price objective on shares of Badger Infrastructure Solutions and gave the company an “outperform” rating in a report on Thursday, January 18th. Scotiabank raised their price objective on shares of Badger Infrastructure Solutions from C$42.50 to C$48.00 and gave the stock a “sector perform” rating in a research note on Monday, March 4th. BMO Capital Markets raised their target price on shares of Badger Infrastructure Solutions from C$41.00 to C$49.00 in a research report on Friday, February 2nd. Acumen Capital raised their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$47.50 and gave the stock a “speculative buy” rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$62.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$51.20.

View Our Latest Report on BDGI

Badger Infrastructure Solutions Price Performance

Shares of TSE:BDGI opened at C$50.00 on Thursday. The company has a debt-to-equity ratio of 86.09, a current ratio of 1.44 and a quick ratio of 1.49. The firm’s 50 day simple moving average is C$46.04 and its two-hundred day simple moving average is C$40.63. Badger Infrastructure Solutions has a 1-year low of C$24.55 and a 1-year high of C$50.19. The company has a market capitalization of C$1.72 billion, a P/E ratio of 30.67 and a beta of 1.17.

Insider Transactions at Badger Infrastructure Solutions

In related news, Director Stephen James Jones acquired 1,000 shares of the stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of C$33.95 per share, for a total transaction of C$33,950.00. Insiders own 0.36% of the company’s stock.

About Badger Infrastructure Solutions

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Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.

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Analyst Recommendations for Badger Infrastructure Solutions (TSE:BDGI)

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