CIBC Increases Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$71.00

Key Points

• CIBC has raised its price target for Badger Infrastructure Solutions (TSE:BDGI) from C$62.00 to C$71.00, suggesting a potential upside of 1.50% from the stock's previous close.
• Other analysts have also upgraded their price targets for Badger, with five investment firms currently rating the stock as a "Buy."
• Badger Infrastructure Solutions is North America's leading provider of non-destructive excavating services, utilizing the Badger Hydrovac technology for safe excavation around critical infrastructure.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price objective raised by equities researchers at CIBC from C$62.00 to C$71.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price objective would suggest a potential upside of 1.50% from the stock's previous close.

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

Badger Infrastructure Solutions Stock Performance

BDGI traded up C$1.82 during trading on Monday, hitting C$69.95. The company's stock had a trading volume of 48,749 shares, compared to its average volume of 94,188. 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 one year low of C$33.62 and a one year high of C$70.19. The firm has a market cap of C$2.36 billion, a PE ratio of 42.91 and a beta of 0.97. The business's 50 day simple moving average is C$59.26 and its 200-day simple moving average is C$50.16.

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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