Badger Infrastructure Solutions (TSE:BDGI) Trading Up 3.6% on Analyst Upgrade

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) were up 3.6% on Monday after CIBC raised their price target on the stock from C$62.00 to C$71.00. CIBC currently has an outperform rating on the stock. Badger Infrastructure Solutions traded as high as C$70.86 and last traded at C$70.61. Approximately 93,795 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 94,424 shares. The stock had previously closed at C$68.13.

A number of other research firms have also recently commented on BDGI. TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the company a “buy” rating in a research note on Friday, September 5th. Canaccord Genuity Group raised their target price on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Stifel Nicolaus raised their target price on Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, BMO Capital Markets raised their target price on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research note on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$65.33.

Badger Infrastructure Solutions Trading Up 3.6%

The firm has a market cap of C$2.38 billion, a P/E ratio of 43.32 and a beta of 0.97. The stock has a fifty day simple moving average of C$59.58 and a 200 day simple moving average of C$50.41. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73.

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.