Badger Infrastructure Solutions (TSE:BDGI) PT Lowered to C$50.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price lowered by equities research analysts at Raymond James from C$54.00 to C$50.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 38.89% from the company’s previous close.

BDGI has been the subject of a number of other reports. Scotiabank reduced their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Stifel Nicolaus upped their price target on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Canaccord Genuity Group decreased their target price on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets dropped their price objective on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research note on Friday. Finally, CIBC decreased their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$50.00.

Badger Infrastructure Solutions Stock Down 0.6 %

Shares of TSE BDGI traded down C$0.22 during mid-day trading on Tuesday, reaching C$36.00. 141,319 shares of the company traded hands, compared to its average volume of 65,029. The company’s fifty day moving average is C$39.81 and its two-hundred day moving average is C$44.04. Badger Infrastructure Solutions has a fifty-two week low of C$32.25 and a fifty-two week high of C$51.50. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72. The stock has a market cap of C$1.24 billion, a PE ratio of 22.23 and a beta of 1.18.

Insider Transactions at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Mary Jordan bought 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of C$41.72 per share, for a total transaction of C$41,720.00. In other Badger Infrastructure Solutions news, Director Robert Dawson bought 1,600 shares of the company’s stock in a transaction on Friday, May 10th. The stock was bought at an average price of C$43.40 per share, for a total transaction of C$69,441.44. Also, Director Mary Jordan purchased 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of C$41.72 per share, for a total transaction of C$41,720.00. Insiders have acquired 8,600 shares of company stock valued at $349,196 in the last three months. 0.39% of the stock is owned by corporate insiders.

Badger Infrastructure Solutions Company Profile

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.