Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$53.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective boosted by equities research analysts at Stifel Nicolaus from C$51.00 to C$53.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 30.74% from the stock’s previous close.

BDGI has been the topic of several other reports. Raymond James cut their target price on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. CIBC raised their price target on Badger Infrastructure Solutions from C$49.00 to C$52.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.93.

Badger Infrastructure Solutions Trading Up 1.7 %

BDGI traded up C$0.67 during midday trading on Thursday, reaching C$40.54. 22,300 shares of the company’s stock traded hands, compared to its average volume of 81,570. Badger Infrastructure Solutions has a 52 week low of C$34.85 and a 52 week high of C$51.50. The stock has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 24.72 and a beta of 1.14. The firm has a fifty day moving average of C$37.52 and a two-hundred day moving average of C$37.74. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49.

Insider Transactions at Badger Infrastructure Solutions

In related news, Director Stephanie Cuskley bought 1,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. Insiders own 0.33% of the company’s stock.

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.