Badger Infrastructure Solutions (TSE:BDGI) PT Lowered to C$48.50

Badger Infrastructure Solutions (TSE:BDGI) had its target price reduced by equities researchers at Scotiabank from C$52.00 to C$48.50 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 9.11% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Acumen Capital upped their price target 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. CIBC raised shares of Badger Infrastructure Solutions from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$52.00 to C$54.00 in a report on Friday, May 3rd. Raymond James increased their price objective on shares of 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. Canaccord Genuity Group lifted their target price on 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. Finally, Stifel Nicolaus increased their price target on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and a consensus target price of C$53.06.

Badger Infrastructure Solutions Trading Down 2.0 %

Shares of BDGI opened at C$44.45 on Monday. The company has a debt-to-equity ratio of 100.33, a quick ratio of 1.49 and a current ratio of 1.72. Badger Infrastructure Solutions has a one year low of C$24.55 and a one year high of C$51.50. The stock has a 50-day moving average price of C$47.35 and a 200 day moving average price of C$43.76. The company has a market capitalization of C$1.53 billion, a P/E ratio of 27.44 and a beta of 1.16.

Insider Transactions at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions 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 purchased at an average cost of C$31.64 per share, for a total transaction of C$31,643.80. In related news, Senior Officer Joseph Patrick Wieneke bought 1,000 shares of the business’s stock in a transaction 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 firm’s stock in a transaction on 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. Insiders acquired a total of 4,300 shares of company stock valued at $149,693 over the last quarter. Company 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.