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

Badger Infrastructure Solutions (TSE:BDGI) had its price target cut by equities researchers at Stifel Nicolaus from C$53.00 to C$46.50 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 27.47% from the company’s previous close.

BDGI has been the topic of a number of other research reports. Raymond James raised their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. CIBC cut their target price on Badger Infrastructure Solutions from C$59.00 to C$52.00 in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions currently has a consensus rating of “Moderate Buy” and an average price target of C$49.00.

Badger Infrastructure Solutions Price Performance

BDGI opened at C$36.48 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The stock has a market cap of C$871.41 million, a P/E ratio of 21.12 and a beta of 1.14. The business has a fifty day moving average of C$38.65 and a 200 day moving average of C$38.47. Badger Infrastructure Solutions has a 52-week low of C$33.62 and a 52-week high of C$48.12.

Insider Activity

In related news, Director Mary Jordan purchased 800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of C$39.32 per share, with a total value of C$31,456.00. Insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

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.