Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$60.00

Key Points

• BMO Capital Markets raised its price target for Badger Infrastructure Solutions from C$55.00 to C$60.00, indicating a potential downside of 7.61% from the current price.
• Other analysts, including Canaccord Genuity and Stifel Nicolaus, have set higher price targets between C$70.00 and C$71.00, maintaining a "buy" rating for the company.
• Badger Infrastructure Solutions' stock is currently trading at C$64.94, with a market capitalization of C$2.19 billion and a price-to-earnings ratio of 39.84.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its target price lifted by research analysts at BMO Capital Markets from C$55.00 to C$60.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential downside of 7.61% from the company's current price.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group lifted their price target on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a "buy" rating in a report on Tuesday. Stifel Nicolaus raised their target price on Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the company a "buy" rating in a research note on Monday. Finally, TD Securities set a C$70.00 price target on Badger Infrastructure Solutions and gave the stock a "buy" rating in a research note on Friday, September 5th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$62.33.

Badger Infrastructure Solutions Stock Up 0.4%

Shares of BDGI stock traded up C$0.26 during trading on Friday, reaching C$64.94. The company's stock had a trading volume of 99,178 shares, compared to its average volume of 93,215. The stock's 50-day moving average price is C$57.61 and its 200 day moving average price is C$48.87. The company has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 39.84 and a beta of 0.97. Badger Infrastructure Solutions has a 1-year low of C$33.62 and a 1-year high of C$65.00. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

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.

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