Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$86.00

Badger Infrastructure Solutions (TSE:BDGI) had its price target hoisted by Stifel Nicolaus from C$70.00 to C$86.00 in a report published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on BDGI. Raymond James Financial lowered Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. CIBC upped their target price on Badger Infrastructure Solutions from C$62.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Canaccord Genuity Group upped their target price on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. BMO Capital Markets upped their target price on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research note on Friday, October 10th. Finally, TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the company a “buy” rating in a research note on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average price target of C$71.67.

Badger Infrastructure Solutions Trading Up 2.1%

TSE:BDGI opened at C$72.71 on Monday. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. Badger Infrastructure Solutions has a fifty-two week low of C$33.62 and a fifty-two week high of C$73.89. The stock’s 50-day moving average is C$61.87 and its two-hundred day moving average is C$52.09. The stock has a market cap of C$2.45 billion, a PE ratio of 44.61 and a beta of 0.97.

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.