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

Badger Infrastructure Solutions (TSE:BDGI) had its price objective raised by investment analysts at CIBC from C$52.00 to C$55.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 40.49% from the stock’s previous close.

BDGI has been the subject of a number of other reports. Raymond James cut their price objective on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$50.36.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI opened at C$39.15 on Monday. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. The stock has a 50-day simple moving average of C$37.62 and a two-hundred day simple moving average of C$37.79. The firm has a market capitalization of C$1.35 billion, a PE ratio of 23.87 and a beta of 1.14. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50.

Insider Transactions at Badger Infrastructure Solutions

In other news, Director Stephanie Cuskley purchased 1,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of C$38.97 per share, for a total transaction of C$38,971.20. Insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

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.