Stifel Nicolaus Forecasts Strong Price Appreciation for Badger Infrastructure Solutions (TSE:BDGI) Stock

Key Points

• Stifel Nicolaus has increased its price target for Badger Infrastructure Solutions (TSE:BDGI) from C$63.00 to C$70.00, indicating a potential upside of 13.84% from the stock's previous close.
• Multiple analysts have rated the stock as a "buy," with an average price target of C$59.67, including recent upgrades from Canaccord Genuity and TD Securities.
• As of the latest trading session, Badger Infrastructure Solutions' stock price reached C$61.49, with a market capitalization of C$2.07 billion and a P/E ratio of 37.72.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price objective boosted by analysts at Stifel Nicolaus from C$63.00 to C$70.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 13.84% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. TD Securities set a C$70.00 target price on shares of Badger Infrastructure Solutions and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, BMO Capital Markets increased their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of "Buy" and an average price target of C$59.67.

Badger Infrastructure Solutions Trading Up 0.8%

TSE BDGI traded up C$0.49 on Monday, hitting C$61.49. The company's stock had a trading volume of 38,418 shares, compared to its average volume of 92,850. The firm has a market cap of C$2.07 billion, a P/E ratio of 37.72 and a beta of 0.97. Badger Infrastructure Solutions has a 52-week low of C$33.62 and a 52-week high of C$61.83. The company's 50-day simple moving average is C$56.84 and its 200 day simple moving average is C$48.33. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.

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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