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

Badger Infrastructure Solutions (TSE:BDGI) had its target price increased by equities research analysts at CIBC from C$55.00 to C$59.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 49.94% from the stock’s current price.

A number of other analysts also recently commented on BDGI. Raymond James boosted their price objective on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$51.50.

Badger Infrastructure Solutions Stock Down 4.1 %

BDGI stock opened at C$39.35 on Friday. The company has a market cap of C$939.97 million, a P/E ratio of 22.78 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. The company’s 50-day moving average price is C$38.65 and its 200 day moving average price is C$38.17. 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.