Stifel Nicolaus Raises Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$63.00

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 target price boosted by research analysts at Stifel Nicolaus from C$59.00 to C$63.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 19.89% from the stock's current price.

A number of other brokerages also recently weighed in on BDGI. Canaccord Genuity Group boosted their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. CIBC boosted 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. Finally, BMO Capital Markets lifted their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st.

Badger Infrastructure Solutions Trading Down 0.1%

TSE:BDGI traded down C$0.06 during midday trading on Friday, hitting C$52.55. The stock had a trading volume of 35,761 shares, compared to its average volume of 94,606. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$55.40. The stock has a 50-day moving average of C$48.90 and a 200 day moving average of C$42.90. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 30.42 and a beta of 1.14.

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.