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

Badger Infrastructure Solutions (TSE:BDGI) had its price objective hoisted by CIBC from C$49.00 to C$52.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 38.93% from the stock’s current price.

BDGI has been the topic of a number of other reports. Stifel Nicolaus cut their price objective on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Raymond James dropped their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$49.64.

Badger Infrastructure Solutions Price Performance

Shares of Badger Infrastructure Solutions stock opened at C$37.43 on Friday. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50. The business’s fifty day moving average price is C$38.86 and its two-hundred day moving average price is C$38.63. The company has a market capitalization of C$1.29 billion, a P/E ratio of 22.82 and a beta of 1.14.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Director Robert George Blackadar acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of C$36.08 per share, with a total value of C$36,084.40. 0.33% of the stock is owned by corporate insiders.

About Badger Infrastructure Solutions

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.