Badger Infrastructure Solutions (TSE:BDGI) Shares Up 3.6% on Analyst Upgrade

Key Points

• Badger Infrastructure Solutions shares increased by 3.6% following an analyst upgrade from CIBC, raising the price target from C$62.00 to C$71.00 with an outperform rating.
• Multiple analysts, including Stifel Nicolaus and BMO Capital Markets, have also increased their price targets for the stock, reflecting a positive market sentiment around Badger Infrastructure Solutions.
• The company's market capitalization stands at C$2.38 billion, and it has an average rating of "Buy" with a consensus target price of C$65.33 among analysts.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price rose 3.6% during mid-day trading on Monday after CIBC raised their price target on the stock from C$62.00 to C$71.00. CIBC currently has an outperform rating on the stock. Badger Infrastructure Solutions traded as high as C$70.86 and last traded at C$70.61. Approximately 93,795 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 94,424 shares. The stock had previously closed at C$68.13.

BDGI has been the topic of a number of other reports. 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 report on Monday, October 6th. BMO Capital Markets raised their target price on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a report on Friday, October 10th. TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the company a "buy" rating in a report on Friday, September 5th. Finally, Canaccord Genuity Group lifted their price objective on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a "buy" rating in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$65.33.

Badger Infrastructure Solutions Stock Up 3.6%

The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 43.32 and a beta of 0.97. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The stock has a 50-day moving average of C$59.58 and a 200-day moving average of C$50.41.

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.

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