Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, CIBC Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its target price raised by equities research analysts at CIBC from C$52.00 to C$55.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 39.84% from the stock’s current price.

BDGI has been the topic of a number of other reports. Stifel Nicolaus upped their target price on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James cut their target price on shares of 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$50.36.

Badger Infrastructure Solutions Stock Down 0.4 %

Shares of BDGI stock traded down C$0.17 during trading hours on Monday, reaching C$39.33. 79,818 shares of the stock were exchanged, compared to its average volume of 89,454. The business’s fifty day moving average is C$37.60 and its two-hundred day moving average is C$37.79. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. Badger Infrastructure Solutions has a 12-month low of C$34.85 and a 12-month high of C$51.50. The firm has a market capitalization of C$1.36 billion, a P/E ratio of 23.98 and a beta of 1.14.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions 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. 0.33% of the stock is currently owned by 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.