CIBC Has Lowered Expectations for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price target decreased by CIBC from C$59.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 42.54% from the company’s current price.

BDGI has been the subject of several other research reports. Raymond James boosted their price target on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Stifel Nicolaus upped their price target on Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$49.00.

Badger Infrastructure Solutions Stock Down 2.3 %

Badger Infrastructure Solutions stock opened at C$36.48 on Thursday. Badger Infrastructure Solutions has a twelve month low of C$33.62 and a twelve month high of C$48.12. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The firm has a market cap of C$871.41 million, a PE ratio of 21.12 and a beta of 1.14. The firm’s 50 day moving average price is C$38.65 and its two-hundred day moving average price is C$38.47.

Insider Activity

In related news, Director Mary Jordan bought 800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of C$39.32 per share, for a total transaction of C$31,456.00. 0.33% of the stock is owned by company insiders.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.