CIBC Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price objective hoisted by equities research analysts at CIBC from C$71.00 to C$82.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 12.41% from the stock’s current price.

A number of other brokerages have also recently commented on BDGI. Stifel Nicolaus upped their price target on Badger Infrastructure Solutions from C$70.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, October 27th. BMO Capital Markets upped their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$60.00 in a report on Friday, October 10th. TD Securities set a C$70.00 target price on shares of Badger Infrastructure Solutions and gave the stock a “buy” rating in a research note on Friday, September 5th. Raymond James Financial cut shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Finally, Canaccord Genuity Group raised their price objective on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and an average price target of C$75.67.

Badger Infrastructure Solutions Stock Performance

Shares of TSE:BDGI traded up C$0.95 during mid-day trading on Friday, reaching C$72.95. The company had a trading volume of 126,903 shares, compared to its average volume of 98,560. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$75.73. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The company’s 50-day moving average price is C$63.73 and its 200-day moving average price is C$53.49. The firm has a market cap of C$2.46 billion, a price-to-earnings ratio of 44.75 and a beta of 0.98.

Badger Infrastructure Solutions Company Profile

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.