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

Badger Infrastructure Solutions (TSE:BDGI) had its price target hoisted by stock analysts at BMO Capital Markets from C$50.00 to C$55.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 4.54% from the stock’s previous close.

Several other research firms have also recently commented on BDGI. Canaccord Genuity Group raised their price target on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. Stifel Nicolaus raised their price target on Badger Infrastructure Solutions from C$46.50 to C$59.00 in a report on Wednesday, July 16th. Finally, CIBC raised their price target on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. One investment analyst has 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 presently has a consensus rating of “Moderate Buy” and an average target price of C$56.20.

Badger Infrastructure Solutions Trading Up 0.6%

Shares of BDGI stock opened at C$52.61 on Thursday. The business’s 50 day moving average is C$48.76 and its two-hundred day moving average is C$42.70. Badger Infrastructure Solutions has a twelve month low of C$33.62 and a twelve month high of C$55.40. The company has a market capitalization of C$1.26 billion, a P/E ratio of 30.45 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.

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.