Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$59.00

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target boosted by research analysts at CIBC from C$55.00 to C$59.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. CIBC's target price would indicate a potential upside of 51.87% from the stock's current price.

A number of other equities analysts also recently commented on BDGI. Raymond James upped their target price on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an "outperform" rating in a report on Friday. Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Badger Infrastructure Solutions presently has an average rating of "Moderate Buy" and an average price target of C$51.50.

Badger Infrastructure Solutions Trading Down 1.7 %

Shares of TSE:BDGI traded down C$0.66 during midday trading on Friday, hitting C$38.85. 64,124 shares of the stock traded hands, compared to its average volume of 112,636. 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 business's 50 day moving average is C$38.73 and its two-hundred day moving average is C$38.18. The stock has a market capitalization of C$928.03 million, a PE ratio of 22.49 and a beta of 1.14. Badger Infrastructure Solutions has a one year low of C$34.85 and a one year high of C$51.50.

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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.