Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its price target lifted by Stifel Nicolaus from C$86.00 to C$88.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 18.97% from the company’s previous close.

BDGI has been the topic of several other reports. CIBC raised their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a report on Friday. TD Securities upped their price objective on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets raised their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research note on Friday, October 10th. Raymond James Financial lowered shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.00.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock traded up C$1.02 during trading hours on Monday, hitting C$73.97. The company’s stock had a trading volume of 71,408 shares, compared to its average volume of 98,405. The stock has a market cap of C$2.50 billion, a PE ratio of 40.64 and a beta of 0.98. Badger Infrastructure Solutions has a 12-month low of C$33.62 and a 12-month high of C$75.73. The company has a 50 day moving average of C$64.03 and a 200 day moving average of C$53.98. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.

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.