Badger Infrastructure Solutions (TSE:BDGI) Price Target Cut to C$48.50

Badger Infrastructure Solutions (TSE:BDGI) had its target price reduced by Scotiabank from C$52.00 to C$48.50 in a report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also recently weighed in on BDGI. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a buy rating in a research report on Friday. CIBC upgraded shares of Badger Infrastructure Solutions from a neutral rating to an outperform rating and boosted their price objective for the stock from C$52.00 to C$54.00 in a research report on Friday. Canaccord Genuity Group increased their price objective on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a buy rating in a research report on Monday, March 4th. BMO Capital Markets boosted their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a market perform rating in a research report on Thursday, March 21st. Finally, Raymond James raised their price target on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an outperform rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of Moderate Buy and a consensus price target of C$53.06.

Badger Infrastructure Solutions Stock Performance

Shares of TSE:BDGI opened at C$45.38 on Monday. The business has a fifty day moving average of C$47.35 and a 200-day moving average of C$43.76. The company has a debt-to-equity ratio of 100.33, a quick ratio of 1.49 and a current ratio of 1.72. Badger Infrastructure Solutions has a twelve month low of C$24.55 and a twelve month high of C$51.50. The firm has a market cap of C$1.56 billion, a PE ratio of 28.01 and a beta of 1.16.

Insider Buying and Selling

In related news, Director Stephen James Jones bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction on Friday, March 8th. The shares were purchased at an average price of C$33.95 per share, for a total transaction of C$33,950.00. In other news, Director Stephen James Jones bought 1,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of C$33.95 per share, for a total transaction of C$33,950.00. Also, Director Robert George Blackadar acquired 2,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of C$37.05 per share, with a total value of C$74,100.00. Insiders purchased a total of 4,000 shares of company stock valued at $139,694 over the last three months. Company insiders own 0.39% 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.