Scotiabank Cuts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$48.50

Badger Infrastructure Solutions (TSE:BDGI - Free Report) had its price objective reduced by Scotiabank from C$52.00 to C$48.50 in a report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a buy rating in a research note on Friday. BMO Capital Markets boosted their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the company a market perform rating in a research note on Thursday, March 21st. Acumen Capital raised their price target on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a speculative buy rating in a report on Thursday, March 21st. Raymond James raised their price target on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Finally, Canaccord Genuity Group lifted their price objective on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a buy rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$53.06.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock traded up C$2.08 on Monday, hitting C$45.38. 136,732 shares of the stock were exchanged, compared to its average volume of 65,277. The firm's 50 day moving average is C$47.35 and its two-hundred day moving average is C$43.76. Badger Infrastructure Solutions has a one year low of C$24.55 and a one year high of C$51.50. The firm has a market capitalization of C$1.56 billion, a PE ratio of 28.01 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 100.33.

Insiders Place Their Bets

In other Badger Infrastructure Solutions news, Director Robert George Blackadar bought 2,000 shares of the firm's stock in a transaction on Monday, March 25th. The stock was acquired at an average price of C$37.05 per share, with a total value of C$74,100.00. In other news, Director Robert George Blackadar bought 2,000 shares of the company's stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of C$37.05 per share, with a total value of C$74,100.00. Also, Director Stephen James Jones purchased 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of C$33.95 per share, with a total value of C$33,950.00. In the last quarter, insiders acquired 4,000 shares of company stock valued at $139,694. Corporate insiders own 0.39% of the company's stock.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.