Stifel Nicolaus Increases Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$56.00

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its target price upped by equities research analysts at Stifel Nicolaus from C$55.50 to C$56.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Stifel Nicolaus' price target indicates a potential upside of 45.80% from the stock's current price.

Several other research analysts have also recently commented on BDGI. Raymond James decreased their target price on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an "outperform" rating for the company in a report on Tuesday, August 6th. BMO Capital Markets lowered their price target on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a "market perform" rating on the stock in a report on Friday, August 2nd. Canaccord Genuity Group reduced their price objective on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a "buy" rating for the company in a research note on Tuesday, July 9th. Finally, CIBC decreased their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an "outperform" rating for the company in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$50.06.

Badger Infrastructure Solutions Trading Down 2.2 %

Shares of TSE BDGI traded down C$0.87 during mid-day trading on Friday, hitting C$38.41. 60,124 shares of the company traded hands, compared to its average volume of 70,783. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25. Badger Infrastructure Solutions has a 1 year low of C$33.21 and a 1 year high of C$51.50. The stock has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 23.42 and a beta of 1.14. The business has a 50 day moving average of C$37.03 and a two-hundred day moving average of C$41.30.

Insiders Place Their Bets

In related news, Senior Officer Julie Lee acquired 751 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of C$35.51 per share, with a total value of C$26,667.71. In other news, Senior Officer Julie Lee bought 751 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri bought 2,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of C$35.45 per share, for a total transaction of C$70,902.00. Insiders have acquired 4,242 shares of company stock valued at $137,096 over the last three months. 0.33% of the stock is currently owned by insiders.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.