Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$55.00

Key Points

• BMO Capital Markets raised its price target for Badger Infrastructure Solutions from C$50.00 to C$55.00, suggesting a potential upside of 5.61% from the current stock price.
• Other firms like CIBC and Stifel Nicolaus have also increased their price targets for the company, with consensus ratings indicating a "Moderate Buy" and an average target of C$55.40.
• Badger Infrastructure Solutions, a leader in non-destructive excavating services, recently traded at C$52.08 and has shown substantial price movement, with a 12-month high of C$55.40.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price objective hoisted by analysts at BMO Capital Markets from C$50.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets' price target would indicate a potential upside of 4.54% from the company's previous close.

BDGI has been the subject of several other reports. CIBC increased their price objective on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus increased their price objective on Badger Infrastructure Solutions from C$46.50 to C$59.00 in a research note on Wednesday, July 16th. Finally, Canaccord Genuity Group increased their price objective on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th.

Badger Infrastructure Solutions Price Performance

TSE BDGI traded up C$0.32 during mid-day trading on Thursday, hitting C$52.61. The stock had a trading volume of 211,028 shares, compared to its average volume of 95,132. The firm's 50 day moving average is C$48.76 and its 200 day moving average is C$42.79. Badger Infrastructure Solutions has a twelve month low of C$33.62 and a twelve month high of C$55.40. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The stock has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 30.45 and a beta of 1.14.

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.