Badger Infrastructure Solutions (TSE:BDGI) Given New C$55.00 Price Target at BMO Capital Markets

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 target price upped by investment 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 objective would suggest a potential upside of 4.54% from the company's current price.

BDGI has been the topic of a number of other reports. CIBC lifted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their target price on shares of Badger Infrastructure Solutions from C$46.50 to C$59.00 in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group lifted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Badger Infrastructure Solutions presently has a consensus rating of "Moderate Buy" and an average target price of C$56.20.

Badger Infrastructure Solutions Stock Up 0.6%

Shares of TSE:BDGI traded up C$0.32 during trading on Thursday, hitting C$52.61. 211,028 shares of the company were exchanged, compared to its average volume of 95,132. The firm's 50 day moving average price is C$48.76 and its 200-day moving average price is C$42.70. The stock has a market capitalization of C$1.26 billion, a P/E ratio of 30.45 and a beta of 1.14. Badger Infrastructure Solutions has a 12-month low of C$33.62 and a 12-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.

About Badger Infrastructure Solutions

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.