Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, CIBC Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its target price boosted by stock analysts at CIBC from C$52.00 to C$53.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 31.06% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Stifel Nicolaus cut their target price on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a “buy” rating for the company in a research report on Thursday, April 17th. Raymond James upped their price objective on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average target price of C$49.17.

Badger Infrastructure Solutions Trading Up 2.7 %

Shares of Badger Infrastructure Solutions stock opened at C$40.44 on Thursday. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. Badger Infrastructure Solutions has a 1 year low of C$33.62 and a 1 year high of C$46.10. The firm has a market cap of C$966.01 million, a PE ratio of 23.41 and a beta of 1.14. The company has a 50 day simple moving average of C$38.34 and a two-hundred day simple moving average of C$38.37.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Mary Jordan bought 800 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of C$39.32 per share, for a total transaction of C$31,456.00. 0.33% of the stock is currently owned by company insiders.

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.