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

Badger Infrastructure Solutions (TSE:BDGI) had its price objective boosted by research analysts at Raymond James from C$46.00 to C$50.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 27.06% from the stock’s current price.

Several other brokerages have also recently weighed in on BDGI. CIBC lifted their price target on Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research report on Monday, February 3rd. Stifel Nicolaus lifted their price target on Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$51.50.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock opened at C$39.35 on Friday. The business’s fifty day simple moving average is C$38.65 and its 200 day simple moving average is C$38.17. The firm has a market capitalization of C$939.97 million, a P/E ratio of 22.78 and a beta of 1.14. Badger Infrastructure Solutions has a 12 month low of C$34.85 and a 12 month high of C$51.50. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.

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.