Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity Group raised the price target for Badger Infrastructure Solutions (TSE:BDGI) from C$60.00 to C$71.00, indicating a potential upside of 10.95%.
• The stock has received multiple "buy" ratings, with a consensus price target of C$61.50 among analysts.
• As of the latest trading session, BDGI stock increased by 3.9%, reaching C$63.99, on higher than average trading volume.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target raised by equities researchers at Canaccord Genuity Group from C$60.00 to C$71.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 10.95% from the company's previous close.

BDGI has been the topic of a number of other reports. TD Securities set a C$70.00 price target on shares of Badger Infrastructure Solutions and gave the stock a "buy" rating in a report on Friday, September 5th. BMO Capital Markets upped their price target on Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st. Finally, Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the stock a "buy" rating in a research report on Monday. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$61.50.

Badger Infrastructure Solutions Stock Up 3.9%

BDGI stock traded up C$2.42 during midday trading on Tuesday, reaching C$63.99. 102,973 shares of the company's stock traded hands, compared to its average volume of 92,981. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of 39.26 and a beta of 0.97. The firm's fifty day moving average price is C$56.98 and its 200-day moving average price is C$48.48. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. Badger Infrastructure Solutions has a 52 week low of C$33.62 and a 52 week high of C$64.04.

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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