Badger Infrastructure Solutions (TSE:BDGI) Stock Rating Upgraded by CIBC

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) was upgraded by equities researchers at CIBC from a "neutral" rating to an "outperform" rating in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a C$54.00 target price on the stock, up from their previous target price of C$52.00. CIBC's price target indicates a potential upside of 24.71% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the company a "market perform" rating in a report on Thursday, March 21st. Acumen Capital lifted their price objective on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the company a "speculative buy" rating in a report on Thursday, March 21st. Raymond James raised their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an "outperform" rating in a research report on Thursday, March 21st. Scotiabank lifted their price objective on shares of Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the stock a "sector perform" rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group increased 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 note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$53.44.

Badger Infrastructure Solutions Trading Down 1.9 %

Badger Infrastructure Solutions stock traded down C$0.82 during trading hours on Friday, reaching C$43.30. 163,440 shares of the company's stock were exchanged, compared to its average volume of 64,456. Badger Infrastructure Solutions has a twelve month low of C$24.55 and a twelve month high of C$51.50. The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 86.09. The firm's 50 day simple moving average is C$47.41 and its 200 day simple moving average is C$43.49. The firm has a market capitalization of C$1.49 billion, a PE ratio of 26.24 and a beta of 1.17.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Director Stephen James Jones purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of C$33.95 per share, for a total transaction of C$33,950.00. In other news, Director Stephen James Jones acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of C$33.95 per share, for a total transaction of C$33,950.00. Also, Director Robert George Blackadar acquired 2,000 shares of the firm's stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of C$37.05 per share, with a total value of C$74,100.00. Over the last 90 days, insiders bought 4,000 shares of company stock valued at $139,694. 0.37% of the stock is currently owned by company insiders.

About Badger Infrastructure Solutions

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.