Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Analysts at Stifel Nicolaus raised their price target for Badger Infrastructure Solutions from C$59.00 to C$63.00, suggesting a potential upside of 20.02% from the current share price.
• Other analysts including BMO Capital Markets and Canaccord Genuity have also increased their price targets, indicating a generally positive outlook on the stock.
• Badger Infrastructure Solutions' stock currently has an average rating of "Moderate Buy" with four analysts recommending a buy, reflecting confidence in the company's future performance.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target upped by investment analysts at Stifel Nicolaus from C$59.00 to C$63.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 20.02% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Finally, CIBC upped their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Badger Infrastructure Solutions currently has an average rating of "Moderate Buy" and an average price target of C$56.20.

Badger Infrastructure Solutions Stock Up 0.4%

TSE BDGI traded up C$0.20 during mid-day trading on Friday, reaching C$52.49. The stock had a trading volume of 151,216 shares, compared to its average volume of 94,674. Badger Infrastructure Solutions has a 1 year low of C$33.62 and a 1 year high of C$55.40. The stock has a market cap of C$1.25 billion, a PE ratio of 30.38 and a beta of 1.14. The company has a fifty day moving average price of C$48.60 and a 200 day moving average price of C$42.59. 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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