Badger Infrastructure Solutions (TSE:BDGI) PT Raised to C$40.00

Badger Infrastructure Solutions (TSE:BDGIGet Rating) had its price objective increased by equities research analysts at Canaccord Genuity Group from C$37.00 to C$40.00 in a report released on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 36.38% from the company’s previous close.

A number of other analysts have also commented on BDGI. Stifel Nicolaus lifted their price target on shares of Badger Infrastructure Solutions from C$35.00 to C$40.00 in a research note on Friday, August 12th. Scotiabank reduced their price target on shares of Badger Infrastructure Solutions from C$38.50 to C$35.00 in a research note on Monday. TD Securities lifted their price target on shares of Badger Infrastructure Solutions from C$33.00 to C$34.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. Finally, CIBC lifted their price target on shares of Badger Infrastructure Solutions from C$31.50 to C$32.00 and gave the stock a “neutral” rating in a research note on Friday, August 12th. Two analysts have rated the stock with a hold rating and three have assigned 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 target price of C$36.03.

Badger Infrastructure Solutions Stock Up 4.0 %

TSE:BDGI opened at C$29.33 on Monday. The firm has a market cap of C$1.01 billion and a P/E ratio of 162.94. The company has a debt-to-equity ratio of 77.85, a quick ratio of 1.52 and a current ratio of 1.89. Badger Infrastructure Solutions has a fifty-two week low of C$22.54 and a fifty-two week high of C$34.51. The firm has a 50-day simple moving average of C$29.83 and a two-hundred day simple moving average of C$29.89.

Insider Buying and Selling

In other news, Senior Officer Tracey Lynn Wallace sold 1,867 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of C$32.07, for a total transaction of C$59,874.69.

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; slot trenching services; and service repair pits for gas service tie-in, electric cable fault repair, water main and service repair, and telecom splice applications.

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Analyst Recommendations for Badger Infrastructure Solutions (TSE:BDGI)

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