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

Badger Infrastructure Solutions (TSE:BDGI) had its target price boosted by Stifel Nicolaus from C$62.00 to C$63.00 in a report issued on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

BDGI has been the topic of several other reports. BMO Capital Markets increased their price target on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a market perform rating in a research report on Thursday, March 21st. Acumen Capital lifted their price objective on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the company a speculative buy rating in a research report on Thursday, March 21st. Raymond James increased their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an outperform rating in a report on Thursday, March 21st. Scotiabank lifted their price target on shares of Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the company 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 stock a buy rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$53.06.

Badger Infrastructure Solutions Price Performance

Shares of BDGI opened at C$45.38 on Friday. Badger Infrastructure Solutions has a twelve month low of C$24.55 and a twelve month high of C$51.50. The firm has a 50 day moving average of C$47.35 and a 200 day moving average of C$43.76. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 100.33. The company has a market capitalization of C$1.56 billion, a P/E ratio of 28.01 and a beta of 1.16.

Insider Activity

In other news, Senior Officer Joseph Patrick Wieneke acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of C$31.64 per share, with a total value of C$31,643.80. In related news, Senior Officer Joseph Patrick Wieneke acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of C$31.64 per share, for a total transaction of C$31,643.80. Also, Director Robert George Blackadar bought 2,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of C$37.05 per share, for a total transaction of C$74,100.00. Over the last quarter, insiders have bought 4,000 shares of company stock valued at $139,694. 0.39% of the stock is currently owned by company insiders.

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.