Badger Infrastructure Solutions (TSE:BDGI) Given New C$59.00 Price Target at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its target price boosted by investment analysts at Stifel Nicolaus from C$46.50 to C$59.00 in a report issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus' target price would indicate a potential upside of 8.90% from the stock's previous close.

A number of other brokerages have also recently commented on BDGI. Canaccord Genuity Group upped their price target 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. CIBC boosted 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 report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$52.80.

Badger Infrastructure Solutions Trading Up 2.4%

TSE:BDGI traded up C$1.27 on Wednesday, hitting C$54.18. 193,409 shares of the stock were exchanged, compared to its average volume of 93,296. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 31.36 and a beta of 1.14. Badger Infrastructure Solutions has a 52 week low of C$33.62 and a 52 week high of C$54.27. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The company's 50-day moving average price is C$46.27 and its 200 day moving average price is C$41.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.