CIBC Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price boosted by CIBC from C$62.00 to C$71.00 in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Badger Infrastructure Solutions Stock Performance

TSE:BDGI opened at C$70.61 on Monday. The stock has a fifty day moving average price of C$59.58 and a 200-day moving average price of C$50.41. The company has a market cap of C$2.38 billion, a price-to-earnings ratio of 43.32 and a beta of 0.97. 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 has a fifty-two week low of C$33.62 and a fifty-two week high of C$70.86.

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.