Badger Infrastructure Solutions (TSE:BDGI) Given New C$49.00 Price Target at CIBC

Badger Infrastructure Solutions (TSE:BDGI) had its price objective dropped by research analysts at CIBC from C$50.00 to C$49.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 34.73% from the stock’s previous close.

Several other research firms have also issued reports on BDGI. Stifel Nicolaus reduced their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets reduced their target price 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, August 2nd. Canaccord Genuity Group reduced their target price on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Raymond James cut their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.81.

Badger Infrastructure Solutions Stock Up 0.4 %

Shares of TSE BDGI traded up C$0.15 during trading on Friday, hitting C$36.37. The stock had a trading volume of 100,398 shares, compared to its average volume of 71,945. Badger Infrastructure Solutions has a 12 month low of C$34.85 and a 12 month high of C$51.50. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The company has a market capitalization of C$1.25 billion, a PE ratio of 22.18 and a beta of 1.14. The firm has a fifty day moving average of C$38.24 and a two-hundred day moving average of C$40.08.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri acquired 2,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of C$35.45 per share, with a total value of C$70,902.00. In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri acquired 2,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of C$35.45 per share, with a total value of C$70,902.00. Also, Senior Officer Julie Lee acquired 751 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Insiders have acquired a total of 4,242 shares of company stock valued at $137,096 over the last three months. 0.33% of the stock is currently owned by insiders.

About Badger Infrastructure Solutions

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.