CIBC Forecasts Strong Price Appreciation for Badger Infrastructure Solutions (TSE:BDGI) Stock

Badger Infrastructure Solutions (TSE:BDGI) had its target price increased by CIBC from C$49.00 to C$52.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 38.93% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus lowered 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, November 1st. Raymond James lowered their price objective on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Two investment 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, the company has an average rating of “Moderate Buy” and an average price target of C$49.64.

Badger Infrastructure Solutions Price Performance

BDGI stock opened at C$37.43 on Friday. Badger Infrastructure Solutions has a 1 year low of C$34.85 and a 1 year high of C$51.50. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. The stock’s 50 day moving average price is C$38.86 and its 200 day moving average price is C$38.63. The firm has a market cap of C$1.29 billion, a P/E ratio of 22.82 and a beta of 1.14.

Insider Buying and Selling

In related news, Director Stephanie Cuskley purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price 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.